Mecklenburg North Carolina Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• County: Mecklenburg
• Control #: US-CC-3-136
• Format: Word; Rich Text

Description

This sample form, a detailed Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Mecklenburg North Carolina Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific terms and conditions of the Series B junior cumulative convertible preference stock issued by Onyx Energy Company. This stock is a type of preferred stock that grants certain rights and advantages to its holders. The Series B junior cumulative convertible preference stock provides a designated class of shareholders with preferential treatment in terms of dividends, liquidation preferences, and conversion rights. These preferences and rights are defined in detail in the certificate of designation. Specifically, the Mecklenburg North Carolina Certificate of Designation outlines the following key aspects: 1. Designation: It designates the Series B junior cumulative convertible preference stock as a distinct class of stock within the capital structure of Onyx Energy Company. 2. Dividends: It specifies the dividend rate payable to the Series B shareholders and whether the dividends are cumulative or non-cumulative. Cumulative dividends ensure that any unpaid dividends accumulate and must be paid before common stock dividends. 3. Liquidation Preferences: It defines the liquidation preference of the Series B stock in the event of a merger, acquisition, or liquidation of the company. The preference ensures that Series B shareholders receive a specific amount before the common stockholders. 4. Conversion Rights: It outlines the conversion ratio and terms under which the Series B stock can be converted into common stock or any other specified class of securities of Onyx Energy Company. 5. Voting Rights: It states the voting rights associated with the Series B junior cumulative convertible preference stock, including any special voting rights or restrictions. It's important to note that the Mecklenburg North Carolina Certificate of Designation referred to above is specific to Onyx Energy Company and their Series B junior cumulative convertible preference stock. There may be different certificates of designation applicable to other types of securities issued by Onyx Energy or other companies. Some additional types of Mecklenburg North Carolina Certificates of Designation, Preferences, and Rights of Onyx Energy Company may include: — Series A Senior Non-Cumulative Preference Stock: This stock may have different preferences and rights compared to the Series B junior cumulative convertible preference stock, targeting a different class of investors. — Series C Preferred Stock: Another class of preferred stock with its own set of preferences and rights, distinct from the Series B junior cumulative convertible preference stock. Each series of preferred stock typically has unique characteristics that cater to different investor preferences and objectives. In conclusion, the Mecklenburg North Carolina Certificate of Designation provides a comprehensive description of the rights, preferences, and privileges of the Series B junior cumulative convertible preference stock of Onyx Energy Company. It ensures clarity and transparency regarding these securities, safeguarding the interests of both the company and its shareholders.

The Mecklenburg North Carolina Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific terms and conditions of the Series B junior cumulative convertible preference stock issued by Onyx Energy Company. This stock is a type of preferred stock that grants certain rights and advantages to its holders. The Series B junior cumulative convertible preference stock provides a designated class of shareholders with preferential treatment in terms of dividends, liquidation preferences, and conversion rights. These preferences and rights are defined in detail in the certificate of designation. Specifically, the Mecklenburg North Carolina Certificate of Designation outlines the following key aspects: 1. Designation: It designates the Series B junior cumulative convertible preference stock as a distinct class of stock within the capital structure of Onyx Energy Company. 2. Dividends: It specifies the dividend rate payable to the Series B shareholders and whether the dividends are cumulative or non-cumulative. Cumulative dividends ensure that any unpaid dividends accumulate and must be paid before common stock dividends. 3. Liquidation Preferences: It defines the liquidation preference of the Series B stock in the event of a merger, acquisition, or liquidation of the company. The preference ensures that Series B shareholders receive a specific amount before the common stockholders. 4. Conversion Rights: It outlines the conversion ratio and terms under which the Series B stock can be converted into common stock or any other specified class of securities of Onyx Energy Company. 5. Voting Rights: It states the voting rights associated with the Series B junior cumulative convertible preference stock, including any special voting rights or restrictions. It's important to note that the Mecklenburg North Carolina Certificate of Designation referred to above is specific to Onyx Energy Company and their Series B junior cumulative convertible preference stock. There may be different certificates of designation applicable to other types of securities issued by Onyx Energy or other companies. Some additional types of Mecklenburg North Carolina Certificates of Designation, Preferences, and Rights of Onyx Energy Company may include: — Series A Senior Non-Cumulative Preference Stock: This stock may have different preferences and rights compared to the Series B junior cumulative convertible preference stock, targeting a different class of investors. — Series C Preferred Stock: Another class of preferred stock with its own set of preferences and rights, distinct from the Series B junior cumulative convertible preference stock. Each series of preferred stock typically has unique characteristics that cater to different investor preferences and objectives. In conclusion, the Mecklenburg North Carolina Certificate of Designation provides a comprehensive description of the rights, preferences, and privileges of the Series B junior cumulative convertible preference stock of Onyx Energy Company. It ensures clarity and transparency regarding these securities, safeguarding the interests of both the company and its shareholders.