The California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is an important legal document that outlines the specific characteristics, preferences, and rights associated with this particular class of stock issued by the company. This certificate serves as a guide for shareholders and potential investors to understand the unique features of the Series B Junior Cumulative Convertible Preference Stock. The Series B Junior Cumulative Convertible Preference Stock represents a specific type of preferred stock issued by Onyx Energy Company. As the name suggests, it carries certain preferences and rights that differentiate it from other classes of stock and aligns it with the interests and expectations of its shareholders. Some important keywords and concepts related to this certificate can include: 1. Cumulative Dividends: The Series B stockholders are entitled to receive cumulative dividends, which means that if the company fails to pay dividends on time, those dividends will accumulate and must be paid before any dividends are distributed to other classes of stock. 2. Junior Preferred Stock: The Series B is categorized as a junior preferred stock, indicating that it has a lower priority compared to senior preferred stock in the event of liquidation or bankruptcy. 3. Convertibility: The Series B stockholders have the right to convert their shares into a predetermined number of common shares, typically at a set conversion ratio. This provides the opportunity for stockholders to benefit from potential future appreciation in the company's common stock. 4. Preference over Common Stock: The Series B stock usually has a higher preference than the common stock, meaning that in case of liquidation or distribution of assets, the Series B stockholders have a higher priority to receive their investment back before common stockholders. 5. Dividend rate: The certificate outlines the specific dividend rate, which determines the regular dividend payments that will be made to Series B stockholders. This rate is usually fixed but can be subject to adjustments based on the performance of the company or other predetermined factors. It's important to note that the California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may have various specific versions or amendments based on the company's needs and shareholder agreements. However, the aforementioned keywords and concepts generally represent key features associated with this type of stock.
California Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company
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An account designation is the name given to an investment account where shares cannot be directly held by the beneficial owner (e.g. a minor) and instead, are registered in the name of a trustee (e.g. a parent).
(b) ?Certificate of Designation? means this Certificate of Designation of the Series A Preferred Stock, as it may be amended from time to time. (such class or series of capital stock of the Corporation into which such stock is reclassified or reconstituted, ?Reclassified or Reconstituted Common Stock?).
Preferred Designation means the Certificate of Designation with respect to the Series D Preferred Stock, the Series E Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock, the Series H Preferred Stock and the Series I Preferred Stock adopted by the Board of Directors of the Company and duly filed ...
A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
A certificate which contains a copy of the board resolution setting out the powers, designations, preferences or rights of a class or series of a class of stock of a corporation (typically a series of preferred stock) if they are not already contained in the certificate of incorporation of the corporation.