The Kansas Certificate of Designation is a legal document that outlines the specific preferences and rights associated with the Series A Junior Cumulative Preference Stock issued by Onyx Energy Company, a reputable energy corporation. This designation provides crucial information regarding the characteristics and benefits offered to shareholders who hold this specific class of stock. The Series A Junior Cumulative Preference Stock is a type of preferred stock offered by Onyx Energy Company, granting shareholders certain advantages and privileges. These preferences and rights may include priority dividend payments, a fixed dividend rate, and cumulative status, guaranteeing that any missed dividend payments will accumulate and be paid out in the future. One notable aspect of the Kansas Certificate of Designation is that it may specify different classes or series of the Series A Junior Cumulative Preference Stock. These various classes or series could contain distinct provisions, such as varying dividend rates, conversion features, or voting rights, based on the preferences and rights assigned to each class. In the context of Onyx Energy Company's Kansas Certificate of Designation, some potential types or series of the Series A Junior Cumulative Preference Stock could include: 1. Series A-1 Junior Cumulative Preference Stock: This class may possess a higher dividend rate compared to other series and could have additional conversion options. 2. Series A-2 Junior Cumulative Preference Stock: This class might offer a dividend rate lower than the Series A-1, but with specific voting rights conferred to shareholders. 3. Series A-3 Junior Cumulative Preference Stock: Within this series, shareholders could have the option to convert their stock into common shares of Onyx Energy Company. Each series or class of the Series A Junior Cumulative Preference Stock listed in the Kansas Certificate of Designation will have its own set of preferences and rights, tailored to meet the company's objectives and the needs of its shareholders. In conclusion, the Kansas Certificate of Designation plays a vital role in outlining the preferences and rights associated with the Series A Junior Cumulative Preference Stock of Onyx Energy Company. These preferences and rights can differ between various series or classes of stock, enabling flexibility and customization within the company's capital structure.
Kansas Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company
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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.
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 ...
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.
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).