Oklahoma Certificate of Designation for Series B Junior Cumulative Convertible Preference Stock The Oklahoma Certificate of Designation for Series B Junior Cumulative Convertible Preference Stock is a legal document that outlines the specific rights and preferences associated with this particular type of stock issued by Onyx Energy Company. This Certificate provides clarity to stockholders and potential investors regarding their rights and obligations. Key features and keywords associated with the Oklahoma Certificate of Designation for Series B Junior Cumulative Convertible Preference Stock include: 1. Series B: This designation specifies that the stock being issued falls under the Series B category, which may differ from other series of cumulative convertible preference stock offered by Onyx Energy Company. 2. Junior: The term "Junior" indicates that the Series B stock has a lower priority compared to other types of preference stock in terms of dividends, liquidation, and other financial rights. 3. Cumulative: The term "Cumulative" refers to the accumulation of unpaid dividends, which means that if dividends are not paid in a particular period, they will accumulate and become payable at a later date. 4. Convertible: The "Convertible" feature provides stockholders with the option to convert their Series B stock into common shares of Onyx Energy Company, as per predetermined conversion ratios and conditions. 5. Preference Stock: The Series B stock is classified as preference stock, which grants certain preferences over common stocks, such as priority in dividend payments and liquidation proceeds. Specific designations under the Oklahoma Certificate of Designation for Series B Junior Cumulative Convertible Preference Stock may include: 1. Class A Series B Junior Cumulative Convertible Preference Stock: This subclass may have different rights, preferences, or conversion terms compared to other subclasses within the Series B designation. 2. Class B Series B Junior Cumulative Convertible Preference Stock: Similar to Class A, Class B may have unique features and terms associated with it. The Oklahoma Certificate of Designation for Series B Junior Cumulative Convertible Preference Stock provides transparency and clarity to investors in understanding their rights, preferences, and potential returns associated with this specific type of stock issued by Onyx Energy Company.
Oklahoma Certificate of designation, preferences and rights of Series B junior cumulative convertible 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.
Professional certification, trade certification, or professional designation, often called simply certification or qualification, is a designation earned by a person to assure qualification to perform a job or task.
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.