The Florida Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a document outlining the specific characteristics, features, preferences, and rights associated with the Series A Junior Cumulative Preference Stock issued by Onyx Energy Company in the state of Florida. The Series A Junior Cumulative Preference Stock is a type of preferred stock with distinct provisions that entitle the shareholders to certain privileges and benefits. This certificate of designation lays out the terms and conditions of this specific class of stock, providing details on preferences, voting rights, dividend payments, and other important provisions. Some key components covered in the Florida Certificate of Designation may include: 1. Dividend Provisions: The document specifies the dividend preferences of the Series A Junior Cumulative Preference Stock, outlining the priority and amount of dividends to be paid to shareholders before any dividends are distributed to holders of common stock. 2. Cumulative Feature: The certificate usually defines the cumulative nature of the preference stock, meaning that if dividends are not paid in any particular year, they will accumulate and be paid out in the future before any dividends are distributed to common shareholders. 3. Liquidation Preferences: It details the preferential treatment given to holders of the Series A Junior Cumulative Preference Stock in the event of liquidation or dissolution of the company, ensuring that they are entitled to receive a specific liquidation preference before any distribution to common shareholders. 4. Conversion Rights: It may outline whether the Series A Junior Cumulative Preference Stock can be converted into another class of stock, such as common stock, at the discretion of the shareholders or the company. 5. Voting Rights: The certificate may specify the voting rights associated with the Series A Junior Cumulative Preference Stock, determining whether the shareholders have the ability to vote on certain corporate matters. It's important to note that the specific details of the Florida Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company may vary depending on the particular terms established by the company. Therefore, there may be multiple types or versions of this certificate each representing a different series or class of stock issued by Onyx Energy Company. These various types could have distinguishing characteristics, such as different dividend rates, conversion privileges, or liquidation preferences.
Florida Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company
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A certificate of designation is signed by a corporate officer attesting to the board of directors' designation of the terms, rights, preferences, and limitations of a new series of preferred stock. Certificates of designation are usually associated with blank check preferred stock.
(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?).
Certification Designation means the specific Certification Program certification title and acronym granted to the Candidate upon successful completion of and compliance with the policies and procedures of the Certification Program as specified in this Agreement.
Main definition A certificate of designation is signed by a corporate officer attesting to the board of directors' designation of the terms, rights, preferences, and limitations of a new series of preferred stock. Certificates of designation are usually associated with blank check preferred stock.
Stock Designation with respect to a share of Company Common Stock means a designation by the holder of such share, provided by the Company to Parent no later than the Designation Deadline, to the effect that such share is designated to receive the Stock Designation Consideration.