San Diego California 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: San Diego
• 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 San Diego California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines specific details regarding the preferred stock offered by Onyx Energy Company in San Diego, California. This certificate of designation provides in-depth information regarding the preferences and rights associated with the Series B junior cumulative convertible preference stock. The Series B junior cumulative convertible preference stock is a type of preferred stock offered by Onyx Energy Company to its shareholders. It carries certain benefits and features that differentiate it from other classes of preferred stock. Key features of the San Diego California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include: 1. Cumulative Dividends: The Series B junior cumulative convertible preference stock entitles its holders to receive dividends on a cumulative basis. This means that if the company fails to pay dividends in a particular year, the unpaid dividends will accumulate and must be paid in the future before any dividends are distributed to common shareholders. 2. Convertibility: The Series B junior cumulative convertible preference stock has the option to be converted into a specified number of common shares of Onyx Energy Company. The conversion ratio will be clearly outlined in the certificate of designation. 3. Junior Status: The Series B junior cumulative convertible preference stock holds a junior position in the company's capital structure. This means that in the event of liquidation or bankruptcy, holders of senior preferred stock or debt will be paid before the Series B holders. 4. Liquidation Preference: The certificate of designation will specify the liquidation preference of the Series B junior cumulative convertible preference stock. This determines the priority of payment to shareholders in case of liquidation, ensuring that preferred shareholders receive their investment back before common shareholders. 5. Voting Rights: The certificate of designation might outline the voting rights associated with the Series B junior cumulative convertible preference stock. Depending on the terms specified, holders may have the right to vote on particular matters, such as the election of directors or major corporate actions. It's important to note that the specific terms and features of the San Diego California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company might vary based on the issuance and any subsequent amendments. Further, it's recommended to refer to the official documents filed with relevant regulatory authorities for the most accurate and up-to-date information on the stock's specifics.

The San Diego California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines specific details regarding the preferred stock offered by Onyx Energy Company in San Diego, California. This certificate of designation provides in-depth information regarding the preferences and rights associated with the Series B junior cumulative convertible preference stock. The Series B junior cumulative convertible preference stock is a type of preferred stock offered by Onyx Energy Company to its shareholders. It carries certain benefits and features that differentiate it from other classes of preferred stock. Key features of the San Diego California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include: 1. Cumulative Dividends: The Series B junior cumulative convertible preference stock entitles its holders to receive dividends on a cumulative basis. This means that if the company fails to pay dividends in a particular year, the unpaid dividends will accumulate and must be paid in the future before any dividends are distributed to common shareholders. 2. Convertibility: The Series B junior cumulative convertible preference stock has the option to be converted into a specified number of common shares of Onyx Energy Company. The conversion ratio will be clearly outlined in the certificate of designation. 3. Junior Status: The Series B junior cumulative convertible preference stock holds a junior position in the company's capital structure. This means that in the event of liquidation or bankruptcy, holders of senior preferred stock or debt will be paid before the Series B holders. 4. Liquidation Preference: The certificate of designation will specify the liquidation preference of the Series B junior cumulative convertible preference stock. This determines the priority of payment to shareholders in case of liquidation, ensuring that preferred shareholders receive their investment back before common shareholders. 5. Voting Rights: The certificate of designation might outline the voting rights associated with the Series B junior cumulative convertible preference stock. Depending on the terms specified, holders may have the right to vote on particular matters, such as the election of directors or major corporate actions. It's important to note that the specific terms and features of the San Diego California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company might vary based on the issuance and any subsequent amendments. Further, it's recommended to refer to the official documents filed with relevant regulatory authorities for the most accurate and up-to-date information on the stock's specifics.