Indiana 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. Title: Indiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited for Plan of Merger Approval Keywords: Indiana Voting Agreement, Food Lion, ECL Investments Limited, Plan of Merger Approval Introduction: The Indiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding contract that outlines the terms and conditions for the approval of a Plan of Merger. This agreement ensures that both parties are in agreement with the proposed merger and clarifies the details necessary for its successful execution. Various types of Indiana Voting Agreements can be entered into, depending on the specific circumstances and requirements of the merger plan. Types of Indiana Voting Agreements: 1. Standard Indiana Voting Agreement: This type of agreement serves as a common template for Food Lion, Inc. and ECL Investments Limited to outline their respective responsibilities in voting for the approval of the Plan of Merger. It may include provisions related to voting procedures, the required quorum, limitations on voting rights, and confidentiality clauses. 2. Mutual Voting Agreement: A mutual voting agreement is designed to ensure that both Food Lion, Inc. and ECL Investments Limited fully commit to voting in favor of the Plan of Merger. This agreement strengthens mutual trust and collaboration between the two parties, emphasizing a shared vision for the merger's success. 3. Proxy Voting Agreement: In some instances, where authorized representatives act on behalf of Food Lion, Inc. and ECL Investments Limited, a proxy voting agreement may be considered. This agreement allows designated individuals to vote and make decisions regarding the Plan of Merger on behalf of the shareholders they represent. 4. Voting Trust Agreement: A voting trust agreement grants an independent third party the authority to vote on behalf of various shareholders, including Food Lion, Inc. and ECL Investments Limited. This type of agreement may be required when shareholders entrust their voting rights to a trustee due to specific legal or strategic considerations. Content of the Indiana Voting Agreement: — Parties Involved: Clearly state the names and legal representations of Food Lion, Inc. and ECL Investments Limited as the primary entities involved in the merger plan. — Purpose: Describe the primary objective of the Indiana Voting Agreement, which is to secure the required approval needed for the Plan of Merger. — Recitals: Provide a detailed background of the merger plan, including its purpose, benefits, and anticipated timeline for completion. — Terms and Conditions: Outline the specific terms and conditions agreed upon by both parties, such as voting rights, quorum requirements, procedures for notifying each other of voting decisions, and any limitations or restrictions on voting rights. — Confidentiality: Include clauses to safeguard the confidentiality of any sensitive information shared during the merger process. — Dispute Resolution: Define the procedure for resolving any disputes that may arise during the voting process or in relation to the agreement itself. — Governing Law and Jurisdiction: Specify the laws of Indiana that will govern the agreement and the jurisdiction where any legal proceedings related to the agreement will take place. Conclusion: The Indiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited demonstrates their commitment to the successful approval of the Plan of Merger. By clearly outlining the voting rights, procedures, and responsibilities, this agreement paves the way for a smooth and efficient merger process. It is crucial for both parties to ensure that the agreement aligns with their specific needs while complying with the relevant laws and regulations in Indiana.

Title: Indiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited for Plan of Merger Approval Keywords: Indiana Voting Agreement, Food Lion, ECL Investments Limited, Plan of Merger Approval Introduction: The Indiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding contract that outlines the terms and conditions for the approval of a Plan of Merger. This agreement ensures that both parties are in agreement with the proposed merger and clarifies the details necessary for its successful execution. Various types of Indiana Voting Agreements can be entered into, depending on the specific circumstances and requirements of the merger plan. Types of Indiana Voting Agreements: 1. Standard Indiana Voting Agreement: This type of agreement serves as a common template for Food Lion, Inc. and ECL Investments Limited to outline their respective responsibilities in voting for the approval of the Plan of Merger. It may include provisions related to voting procedures, the required quorum, limitations on voting rights, and confidentiality clauses. 2. Mutual Voting Agreement: A mutual voting agreement is designed to ensure that both Food Lion, Inc. and ECL Investments Limited fully commit to voting in favor of the Plan of Merger. This agreement strengthens mutual trust and collaboration between the two parties, emphasizing a shared vision for the merger's success. 3. Proxy Voting Agreement: In some instances, where authorized representatives act on behalf of Food Lion, Inc. and ECL Investments Limited, a proxy voting agreement may be considered. This agreement allows designated individuals to vote and make decisions regarding the Plan of Merger on behalf of the shareholders they represent. 4. Voting Trust Agreement: A voting trust agreement grants an independent third party the authority to vote on behalf of various shareholders, including Food Lion, Inc. and ECL Investments Limited. This type of agreement may be required when shareholders entrust their voting rights to a trustee due to specific legal or strategic considerations. Content of the Indiana Voting Agreement: — Parties Involved: Clearly state the names and legal representations of Food Lion, Inc. and ECL Investments Limited as the primary entities involved in the merger plan. — Purpose: Describe the primary objective of the Indiana Voting Agreement, which is to secure the required approval needed for the Plan of Merger. — Recitals: Provide a detailed background of the merger plan, including its purpose, benefits, and anticipated timeline for completion. — Terms and Conditions: Outline the specific terms and conditions agreed upon by both parties, such as voting rights, quorum requirements, procedures for notifying each other of voting decisions, and any limitations or restrictions on voting rights. — Confidentiality: Include clauses to safeguard the confidentiality of any sensitive information shared during the merger process. — Dispute Resolution: Define the procedure for resolving any disputes that may arise during the voting process or in relation to the agreement itself. — Governing Law and Jurisdiction: Specify the laws of Indiana that will govern the agreement and the jurisdiction where any legal proceedings related to the agreement will take place. Conclusion: The Indiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited demonstrates their commitment to the successful approval of the Plan of Merger. By clearly outlining the voting rights, procedures, and responsibilities, this agreement paves the way for a smooth and efficient merger process. It is crucial for both parties to ensure that the agreement aligns with their specific needs while complying with the relevant laws and regulations in Indiana.