The New Mexico 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 stock of the company. Series B stock refers to a particular class of shares issued by Onyx Energy Company. The Series B Junior Cumulative Convertible Preference Stock holds several unique features, which are essential to understanding its role within the capital structure of Onyx Energy Company. By examining the relevant keywords, we can delve into the specifics of this stock class: 1. Series B Stock: The Series B stock refers to a specific class of shares issued by Onyx Energy Company, which offers distinct rights and characteristics. 2. Junior Stock: As a junior stock, the Series B shares possess a subordinate position relative to other classes of shares in terms of liquidation priority and dividends. 3. Cumulative Dividends: The Series B stock receives cumulative dividends, meaning any unpaid dividends will accumulate and must be paid before dividends can be distributed to holders of other lower-ranked stock classes. 4. Convertible: The Series B stock is convertible, allowing shareholders to convert their shares into a predetermined number of common shares, subject to certain conditions and conversion ratios. 5. Preference Stock: Being preference stock, the Series B shares typically hold priority over common stock in terms of dividend payments and liquidation preferences. These keywords provide a foundation for understanding the characteristics of the New Mexico Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock. It is important to note that Onyx Energy Company may have multiple series of stock with different certificates of designation, preferences, and rights. The name of the other types of New Mexico certificates of designation, preferences, and rights for different series would depend on the specific characteristics and preferences associated with each series of stock offered by Onyx Energy Company.
New Mexico 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 New Mexico Certificate Of Designation, Preferences And Rights Of Series B Junior Cumulative Convertible Preference Stock Of Oryx Energy Company?
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FAQ
A preferred stock certificate is a document that identifies the ownership share of an investor in a 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.
The first round of stock made available to the public by a startup is referred to as Series A preferred stock. This type of stock is generally offered for purchase during the seed stage of a new startup and can be converted into common stock in the event of an initial public offering or sale of the company.
(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?).
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.