The Certificate of Designation Clause Samples

The Certificate of Designation is a legal document that outlines the specific rights, preferences, and limitations of a particular class or series of a corporation’s stock, often preferred shares. It typically details aspects such as dividend rights, voting powers, conversion privileges, and liquidation preferences, and is filed with the relevant state authority to become effective. This clause ensures that all parties are aware of the unique terms governing the designated shares, providing clarity and legal certainty regarding shareholder rights and corporate governance.
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The Certificate of Designation. The Certificate of Designation has been duly authorized by the Company.
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The Certificate of Designation. The Trust shall notify the Paying Agent in writing of a decision to redeem any AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Trust to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Trust to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in a Notice of Redemption.
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The Certificate of Designation. Each Purchaser shall have received evidence that the Company shall have duly authorized and filed the Certificate of Designation with the Secretary of State of the State of Delaware, substantially in the form attached hereto as EXHIBIT C;
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The Certificate of Designation. The Certificate of Designation shall have been filed with the Secretary of State of Delaware.
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Related to The Certificate of Designation

  • Certificate of Designation The Certificate of Designation shall have been duly filed with the Secretary of State of the State of Delaware.

  • Certificate of Designations The Certificate of Designations shall have been filed with the Secretary of State of the State of Delaware.

  • Filing of Certificate of Designation The Certificate of Designation shall have been filed with the Secretary of State of the State of Delaware.

  • Effect of Designation (i) If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing. (ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).

  • Series Designation The Series Designation establishing a Series may: (i) specify a name or names under which the business and affairs of such Series may be conducted; (ii) designate, fix and determine the relative rights, powers, authority, privileges, preferences, duties, responsibilities, liabilities and obligations in respect of Interests of such Series and the Members associated therewith (to the extent such terms differ from those set forth in this Agreement) and (iii) designate or authorize the designation of specific Officers to be associated with such Series. A Series Designation (or any resolution of the Managing Member amending any Series Designation) shall be effective when a duly executed original of the same is included by the Managing Member among the permanent records of the Company, and shall be annexed to, and constitute part of, this Agreement (it being understood and agreed that, upon such effective date, the Series described in such Series Designation shall be deemed to have been established and the Interests of such Series shall be deemed to have been authorized in accordance with the provisions thereof). The Series Designation establishing a Series may set forth specific provisions governing the rights of such Series against a Member associated with such Series who fails to comply with the applicable provisions of this Agreement (including, for the avoidance of doubt, the applicable provisions of such Series Designation). In the event of a conflict between the terms and conditions of this Agreement and a Series Designation, the terms and conditions of the Series Designation shall prevail.