Alaska Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger

• Category: Corporations - Public - Voting Agreements
• State: Multi-State
• Control #: US-EG-9240
• Format: Word; Rich Text

Description

Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger dated August 17, 1999. 8 pages. The Alaska Voting Agreement holds significant importance in the merger process between Food Lion, Inc. and ECL Investments Limited. This legally binding agreement ensures the approval of the Plan of Merger and outlines the terms and conditions set forth by both parties involved. The purpose of the Alaska Voting Agreement is to solidify the support of Food Lion, Inc. and ECL Investments Limited for the merger. It guarantees that both entities will vote their shares in favor of the Plan of Merger during the shareholders' meeting, effectively signaling their consent to proceed with the consolidation. This agreement comprises several key clauses and provisions, which include but are not limited to: 1. Shareholder Support: The Alaska Voting Agreement confirms that both Food Lion, Inc. and ECL Investments Limited have an understanding and commitment to vote in favor of the Plan of Merger during the shareholders' meeting, as per the terms specified. 2. Voting Power: The agreement may outline specific guidelines regarding the allocation and exercise of voting power. It can determine the percentage of shares held by each party and establish procedures in case of any changes in share ownership. 3. Termination Clause: The agreement may include a termination clause that lays out circumstances under which either party can dissolve the agreement. This clause is essential in safeguarding the interests of both Food Lion, Inc. and ECL Investments Limited should unforeseen circumstances arise. 4. Confidentiality: The Alaska Voting Agreement typically includes provisions to maintain the confidentiality of the agreement's terms, ensuring that sensitive information is not disclosed to any third parties. This clause protects the integrity of the merger process. It is crucial to note that while there may be variations in different types of Alaska Voting Agreements between Food Lion, Inc. and ECL Investments Limited, they all serve the common purpose of securing the necessary approval for the Plan of Merger. Some potential variations could depend on specific contractual terms, provisions prioritizing the interests of one party, or additional clauses unique to the circumstances of the merger. In conclusion, the Alaska Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a vital document ensuring the successful approval of the Plan of Merger. It solidifies the commitment of both parties, establishes guidelines for voting power, and protects confidential information throughout the merger process.

The Alaska Voting Agreement holds significant importance in the merger process between Food Lion, Inc. and ECL Investments Limited. This legally binding agreement ensures the approval of the Plan of Merger and outlines the terms and conditions set forth by both parties involved. The purpose of the Alaska Voting Agreement is to solidify the support of Food Lion, Inc. and ECL Investments Limited for the merger. It guarantees that both entities will vote their shares in favor of the Plan of Merger during the shareholders' meeting, effectively signaling their consent to proceed with the consolidation. This agreement comprises several key clauses and provisions, which include but are not limited to: 1. Shareholder Support: The Alaska Voting Agreement confirms that both Food Lion, Inc. and ECL Investments Limited have an understanding and commitment to vote in favor of the Plan of Merger during the shareholders' meeting, as per the terms specified. 2. Voting Power: The agreement may outline specific guidelines regarding the allocation and exercise of voting power. It can determine the percentage of shares held by each party and establish procedures in case of any changes in share ownership. 3. Termination Clause: The agreement may include a termination clause that lays out circumstances under which either party can dissolve the agreement. This clause is essential in safeguarding the interests of both Food Lion, Inc. and ECL Investments Limited should unforeseen circumstances arise. 4. Confidentiality: The Alaska Voting Agreement typically includes provisions to maintain the confidentiality of the agreement's terms, ensuring that sensitive information is not disclosed to any third parties. This clause protects the integrity of the merger process. It is crucial to note that while there may be variations in different types of Alaska Voting Agreements between Food Lion, Inc. and ECL Investments Limited, they all serve the common purpose of securing the necessary approval for the Plan of Merger. Some potential variations could depend on specific contractual terms, provisions prioritizing the interests of one party, or additional clauses unique to the circumstances of the merger. In conclusion, the Alaska Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a vital document ensuring the successful approval of the Plan of Merger. It solidifies the commitment of both parties, establishes guidelines for voting power, and protects confidential information throughout the merger process.