San Jose California Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock of Oryx Energy Company

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• City: San Jose
• Control #: US-CC-3-136
• Format: Word; Rich Text

Description

This sample form, a detailed Certificate of designation, preferences and rights of Series B junior cumulative convertible preference stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The San Jose California 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, privileges, and restrictions applicable to the Series B shares of the company's preferred stock. By using relevant keywords, we can delve into the details of this certificate, as well as identify any potential variations or distinct types if they exist. The Series B Junior Cumulative Convertible Preference Stock is a specific class of preferred stock offered by Onyx Energy Company. This certificate specifies the rights and preferences associated with this particular series. Key elements included in the San Jose California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include: 1. Designation: The certificate designates the Series B Junior Cumulative Convertible Preference Stock as a distinct class of preferred stock, separate from other classes the company may offer. 2. Preference: It outlines the preferential treatment of Series B shares in terms of dividend payments and distributions of assets in the event of a liquidation or dissolution of the company. It may specify if Series B shares have priority over other stock classes. 3. Cumulative: The certificate may indicate that any unpaid dividends on the Series B shares will accumulate and be paid out before dividends can be issued to common stockholders or other lower-ranking securities. 4. Convertible: It may provide the option for holders of Series B shares to convert their preferred shares into a specified number of common shares, usually at a predetermined conversion ratio, allowing investors to participate in capital appreciation. 5. Junior: The certificate may state that the Series B shares rank junior to other preferred stock classes or debt securities in terms of dividend payments and asset distribution during liquidation. This means that holders of Series B shares would only be entitled to dividends and assets after senior securities are satisfied. Some potential variations of the San Jose California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include different series within the preferred stock, denoted by different letters such as Series C, Series D, and so forth. Each series may have its own distinct terms and conditions outlined in separate certificates of designation. It is important to note that the provided information is purely fictional and may not reflect the actual San Jose California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company.

The San Jose California 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, privileges, and restrictions applicable to the Series B shares of the company's preferred stock. By using relevant keywords, we can delve into the details of this certificate, as well as identify any potential variations or distinct types if they exist. The Series B Junior Cumulative Convertible Preference Stock is a specific class of preferred stock offered by Onyx Energy Company. This certificate specifies the rights and preferences associated with this particular series. Key elements included in the San Jose California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include: 1. Designation: The certificate designates the Series B Junior Cumulative Convertible Preference Stock as a distinct class of preferred stock, separate from other classes the company may offer. 2. Preference: It outlines the preferential treatment of Series B shares in terms of dividend payments and distributions of assets in the event of a liquidation or dissolution of the company. It may specify if Series B shares have priority over other stock classes. 3. Cumulative: The certificate may indicate that any unpaid dividends on the Series B shares will accumulate and be paid out before dividends can be issued to common stockholders or other lower-ranking securities. 4. Convertible: It may provide the option for holders of Series B shares to convert their preferred shares into a specified number of common shares, usually at a predetermined conversion ratio, allowing investors to participate in capital appreciation. 5. Junior: The certificate may state that the Series B shares rank junior to other preferred stock classes or debt securities in terms of dividend payments and asset distribution during liquidation. This means that holders of Series B shares would only be entitled to dividends and assets after senior securities are satisfied. Some potential variations of the San Jose California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include different series within the preferred stock, denoted by different letters such as Series C, Series D, and so forth. Each series may have its own distinct terms and conditions outlined in separate certificates of designation. It is important to note that the provided information is purely fictional and may not reflect the actual San Jose California Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company.