The Colorado Certificate of Designation is a legal document issued by Onyx Energy Company to outline the preferences and rights associated specifically with their Series B junior cumulative convertible preference stock in accordance with Colorado law. This certificate allows Onyx Energy to provide detailed information to shareholders and potential investors regarding the unique characteristics and benefits of this stock. The Series B junior cumulative convertible preference stock of Onyx Energy Company holds various advantages and features that differentiate it from other types of stock. It is crucial for shareholders and potential investors to understand these distinctions in order to make informed decisions. Some key aspects covered in the Colorado Certificate of Designation include: 1. Designation: The certificate outlines the specific designation of the stock as Series B junior cumulative convertible preference stock. This designation distinguishes it from other classes or series of stock offered by the company. 2. Preferences: The certificate defines the preferences associated with the Series B junior cumulative convertible preference stock. This may include preferences related to dividends, liquidation, or voting rights, which may differ from those of common stockholders. 3. Cumulative Dividends: The certificate explains that the Series B junior cumulative convertible preference stock is entitled to cumulative dividends. This means that if dividends are not paid in a particular period, they will accumulate and be paid out in future periods before any dividends are distributed to common stockholders. 4. Convertibility: The certificate describes the terms and conditions under which the Series B junior cumulative convertible preference stock can be converted into another class of stock, such as common stock. This conversion feature provides flexibility to stockholders by allowing them to participate in the potential upside of the company. Apart from the Series B junior cumulative convertible preference stock, Onyx Energy Company may have issued other types of stock with their own unique certificates of designation. These may include Series A preferred stock, common stock, or other classes or series of stock. It is important for shareholders and potential investors to review the specific Colorado Certificate of Designation for each type of stock to fully understand the preferences and rights associated with it. This information allows investors to make well-informed decisions based on their individual investment strategies and risk tolerance.
Colorado Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company
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How to fill out Colorado Certificate Of Designation, Preferences And Rights Of Series B Junior Cumulative Convertible Preference Stock Of Oryx Energy Company?
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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 ...
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).
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.
A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
(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?).