Alabama 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 Alabama Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions for the approval of a Plan of Merger between the two entities. This agreement ensures that both parties are in alignment and shares the intention to proceed with the merger. Keywords: Alabama, Voting Agreement, Food Lion, Inc., ECL Investments Limited, approval, Plan of Merger. The Alabama Voting Agreement may consist of different types based on the specific terms and conditions agreed upon by Food Lion, Inc. and ECL Investments Limited. These may include: 1. Unanimous Voting Agreement: This type of agreement requires all parties involved to vote in favor of the Plan of Merger. It ensures that the merger can only proceed if all parties are in agreement, minimizing potential conflicts or opposition. 2. Super majority Voting Agreement: In this type of agreement, a specific percentage of votes is required to approve the Plan of Merger. For example, a 75% majority may be necessary for the merger to move forward, providing a higher threshold for approval. 3. Restricted Voting Agreement: This agreement restricts the voting rights of certain shareholders, typically specified in the agreement. It may establish limitations on the number of votes certain shareholders are allowed to cast or may require specific conditions for their votes to be counted. 4. Conditional Voting Agreement: This type of agreement states that the approval of the Plan of Merger is contingent upon the fulfillment of certain conditions or actions agreed upon by both parties. For instance, the agreement might specify that the merger can only proceed if certain regulatory approvals are obtained or specific financial targets are met. It is important to note that the specific terms and types of the Alabama Voting Agreement regarding the approval of the Plan of Merger between Food Lion, Inc. and ECL Investments Limited may vary depending on the nature of the merger, the respective goals and objectives of the parties involved, and any legal requirements or considerations.

The Alabama Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions for the approval of a Plan of Merger between the two entities. This agreement ensures that both parties are in alignment and shares the intention to proceed with the merger. Keywords: Alabama, Voting Agreement, Food Lion, Inc., ECL Investments Limited, approval, Plan of Merger. The Alabama Voting Agreement may consist of different types based on the specific terms and conditions agreed upon by Food Lion, Inc. and ECL Investments Limited. These may include: 1. Unanimous Voting Agreement: This type of agreement requires all parties involved to vote in favor of the Plan of Merger. It ensures that the merger can only proceed if all parties are in agreement, minimizing potential conflicts or opposition. 2. Super majority Voting Agreement: In this type of agreement, a specific percentage of votes is required to approve the Plan of Merger. For example, a 75% majority may be necessary for the merger to move forward, providing a higher threshold for approval. 3. Restricted Voting Agreement: This agreement restricts the voting rights of certain shareholders, typically specified in the agreement. It may establish limitations on the number of votes certain shareholders are allowed to cast or may require specific conditions for their votes to be counted. 4. Conditional Voting Agreement: This type of agreement states that the approval of the Plan of Merger is contingent upon the fulfillment of certain conditions or actions agreed upon by both parties. For instance, the agreement might specify that the merger can only proceed if certain regulatory approvals are obtained or specific financial targets are met. It is important to note that the specific terms and types of the Alabama Voting Agreement regarding the approval of the Plan of Merger between Food Lion, Inc. and ECL Investments Limited may vary depending on the nature of the merger, the respective goals and objectives of the parties involved, and any legal requirements or considerations.