Santa Clara California Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company

State:
Multi-State
County:
Santa Clara
Control #:
US-CC-3-136
Format:
Word; 
Rich Text
Instant download

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 Santa Clara California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company sets out the specific terms and conditions associated with this particular class of stock. The Series B junior cumulative convertible preference stock of Onyx Energy Company is a stock class that offers unique features and benefits to its holders. The Certificate of Designation outlines the rights, preferences, and privileges that come with owning these shares. One important feature of the Series B junior cumulative convertible preference stock is that it is junior to other classes of stock issued by Onyx Energy Company. This means that in the event of liquidation or bankruptcy, the Series B holders would have a lower priority in the distribution of assets compared to senior stockholders. Furthermore, the Series B stock is cumulative, meaning that if Onyx Energy Company fails to pay dividends in any given period, the unpaid dividends will accumulate and must be paid out in the future before dividends can be distributed to holders of other stock classes. Additionally, the Series B stock is convertible, allowing holders to convert their shares into a specified number of common stock shares of Onyx Energy Company. The conversion ratio is typically determined by a predetermined formula specified in the Certificate of Designation. The specific terms and conditions may vary depending on the version of the Santa Clara California Certificate of Designation for Series B junior cumulative convertible preference stock issued by Onyx Energy Company. Different versions might have variations in conversion prices, dividend rates, and other provisions. Some possible names for different versions of Santa Clara California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company could include "Series B-1" or "Series B-2," indicating different revisions or updates to the original Certificate of Designation. In conclusion, the Santa Clara California Certificate of Designation for Series B junior cumulative convertible preference stock of Onyx Energy Company outlines the specific rights, preferences, and benefits associated with this unique class of shares. Different versions or revisions of the Certificate may exist, each with its own distinct terms and conditions.

The Santa Clara California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company sets out the specific terms and conditions associated with this particular class of stock. The Series B junior cumulative convertible preference stock of Onyx Energy Company is a stock class that offers unique features and benefits to its holders. The Certificate of Designation outlines the rights, preferences, and privileges that come with owning these shares. One important feature of the Series B junior cumulative convertible preference stock is that it is junior to other classes of stock issued by Onyx Energy Company. This means that in the event of liquidation or bankruptcy, the Series B holders would have a lower priority in the distribution of assets compared to senior stockholders. Furthermore, the Series B stock is cumulative, meaning that if Onyx Energy Company fails to pay dividends in any given period, the unpaid dividends will accumulate and must be paid out in the future before dividends can be distributed to holders of other stock classes. Additionally, the Series B stock is convertible, allowing holders to convert their shares into a specified number of common stock shares of Onyx Energy Company. The conversion ratio is typically determined by a predetermined formula specified in the Certificate of Designation. The specific terms and conditions may vary depending on the version of the Santa Clara California Certificate of Designation for Series B junior cumulative convertible preference stock issued by Onyx Energy Company. Different versions might have variations in conversion prices, dividend rates, and other provisions. Some possible names for different versions of Santa Clara California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company could include "Series B-1" or "Series B-2," indicating different revisions or updates to the original Certificate of Designation. In conclusion, the Santa Clara California Certificate of Designation for Series B junior cumulative convertible preference stock of Onyx Energy Company outlines the specific rights, preferences, and benefits associated with this unique class of shares. Different versions or revisions of the Certificate may exist, each with its own distinct terms and conditions.

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Santa Clara California Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company