The Kansas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific characteristics, preferences, and rights associated with the Series B junior cumulative convertible preference stock issued by Onyx Energy Company in the state of Kansas. As a convertible preference stock, the Series B shares offer unique features and benefits to investors. These shares have a higher ranking in priority compared to common stock, which means that in the event of liquidation or bankruptcy, holders of Series B shares have a greater claim on the company's assets. The "junior" aspect of the stock indicates that it's subordinate to any senior preferred stock within the company's capital structure. This means that if there are other preferred stocks issued by Onyx Energy Company, the Series B shares will have a lower priority in terms of dividend payments and liquidation preferences. The Series B junior cumulative convertible preference stock also possesses a cumulative feature, ensuring that any missed dividend payments accrue and must be paid in full before any dividends can be distributed to common stockholders. This feature provides added security and reassurance to investors. Furthermore, the Series B shares are "convertible," allowing holders the option to exchange their shares for a predetermined number of common shares, typically at a specified conversion price. This conversion feature provides potential for capital appreciation if the common stock's value exceeds the conversion price. It's important to note that the Kansas Certificate of Designation may include several types or series of preferred stocks issued by Onyx Energy Company. As such, there may be additional certificates of designation for Series A, C, D, or any subsequent series of preferred stocks issued by the company. Each series typically has its own unique rights, preferences, and conversion terms, which are detailed in separate certificates of designation. Overall, the Kansas Certificate of Designation for the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company outlines the specific characteristics and provisions associated with this particular class of preferred stock. Investors should carefully review and understand this document to assess the rights and benefits they will receive as holders of Series B shares.
Kansas Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company
Description
How to fill out Kansas Certificate Of Designation, Preferences And Rights Of Series B Junior Cumulative Convertible Preference Stock Of Oryx Energy Company?
Are you currently within a place that you require documents for possibly organization or personal uses virtually every day time? There are a lot of legal record themes available on the Internet, but discovering versions you can rely isn`t simple. US Legal Forms provides a huge number of kind themes, much like the Kansas Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company, which are written to fulfill state and federal requirements.
In case you are previously informed about US Legal Forms internet site and have a free account, basically log in. Following that, you are able to obtain the Kansas Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company template.
If you do not come with an profile and wish to start using US Legal Forms, adopt these measures:
- Find the kind you will need and ensure it is for your proper town/region.
- Take advantage of the Review button to review the form.
- Read the explanation to ensure that you have selected the appropriate kind.
- If the kind isn`t what you`re trying to find, take advantage of the Research field to find the kind that meets your requirements and requirements.
- If you obtain the proper kind, simply click Buy now.
- Select the prices strategy you desire, complete the specified info to make your bank account, and buy the order with your PayPal or Visa or Mastercard.
- Choose a hassle-free data file formatting and obtain your copy.
Find each of the record themes you might have bought in the My Forms menus. You can aquire a more copy of Kansas Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company anytime, if required. Just go through the required kind to obtain or print the record template.
Use US Legal Forms, probably the most considerable selection of legal kinds, in order to save time as well as steer clear of mistakes. The service provides professionally produced legal record themes which can be used for a selection of uses. Generate a free account on US Legal Forms and initiate creating your daily life easier.
Form popularity
FAQ
A/C Designation : If you have an account designation, this will be shown on your share certificate as a series of up to ten characters after the name of the sole or first named shareholder (for example John Smith A/C 1).
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).
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 preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
Board approval, either by written consent or at a board meeting (for more about the differences between board consents and board meetings, please see our article), is required for every issuance of a security, whether that security is common stock, preferred stock, a warrant, an option or a note that is convertible ...
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.
Share Designation means a writing approved by the Board of Directors or a committee of the Board of Directors setting forth the powers, designations, preferences and relative and participating, optional or other rights, if any, or the qualifications, limitations or restrictions of a series of Preferred Shares.
What is an account designation? Account designations are used: by trusts, deceased estates, minors and unincorporated funds, where the shares cannot be directly held by the beneficial owner, but rather must be registered in the name of a trustee (or parent, in the case of minors); or.