Kansas 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 Kansas Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions under which both parties agree to vote in favor of approving the Plan of Merger. This agreement serves as a crucial step in the merger process, ensuring that both Food Lion, Inc. and ECL Investments Limited are committed to the successful completion of the merger. By agreeing to vote in favor of the Plan of Merger, both parties demonstrate their support and belief in the value and potential of the combined entity. The Kansas Voting Agreement includes various key provisions and relevant keywords, such as: 1. Approval of Plan of Merger: The primary purpose of the agreement is to secure the commitment of both parties to vote in favor of approving the Plan of Merger. This demonstrates their intention to combine their resources and operations for mutual benefit. 2. Voting Rights: The agreement outlines the voting rights granted to Food Lion, Inc. and ECL Investments Limited, ensuring that their voting power is aligned and used to support the merger. 3. Shareholder Support: The agreement acknowledges that the shareholders of both companies are in agreement with the terms of the merger and will actively support the Plan of Merger. 4. Merger Consideration: The agreement may include details regarding the consideration to be received by the shareholders of each company upon completion of the merger. This consideration could be in the form of cash, stock, or a combination of both. 5. Termination Provisions: The agreement may highlight circumstances under which the Kansas Voting Agreement can be terminated or amended, such as in the event of a material breach or change in the terms of the merger. Different types of Kansas Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding approval of the Plan of Merger may include: 1. Unanimous Voting Agreement: This type of agreement ensures that all shareholders of both companies unanimously vote in favor of the Plan of Merger, leaving no room for dissent or opposition. 2. Majority Voting Agreement: Here, the agreement may require a specific majority of shareholders from each company to vote in favor of the Plan of Merger, ensuring broad support while allowing for a possible minority dissenting vote. 3. Conditional Voting Agreement: This type of agreement may establish certain conditions that need to be met for the shareholders of both companies to vote in favor of the Plan of Merger. It provides a framework for approval based on identified requirements or milestones. In summary, the Kansas Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that ensures both parties' commitment to vote in favor of the Plan of Merger. It encompasses various provisions related to voting rights, shareholder support, merger consideration, and termination provisions. Different types of voting agreements exist, such as unanimous, majority, or conditional, depending on the specific circumstances and requirements of the merger.

The Kansas Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions under which both parties agree to vote in favor of approving the Plan of Merger. This agreement serves as a crucial step in the merger process, ensuring that both Food Lion, Inc. and ECL Investments Limited are committed to the successful completion of the merger. By agreeing to vote in favor of the Plan of Merger, both parties demonstrate their support and belief in the value and potential of the combined entity. The Kansas Voting Agreement includes various key provisions and relevant keywords, such as: 1. Approval of Plan of Merger: The primary purpose of the agreement is to secure the commitment of both parties to vote in favor of approving the Plan of Merger. This demonstrates their intention to combine their resources and operations for mutual benefit. 2. Voting Rights: The agreement outlines the voting rights granted to Food Lion, Inc. and ECL Investments Limited, ensuring that their voting power is aligned and used to support the merger. 3. Shareholder Support: The agreement acknowledges that the shareholders of both companies are in agreement with the terms of the merger and will actively support the Plan of Merger. 4. Merger Consideration: The agreement may include details regarding the consideration to be received by the shareholders of each company upon completion of the merger. This consideration could be in the form of cash, stock, or a combination of both. 5. Termination Provisions: The agreement may highlight circumstances under which the Kansas Voting Agreement can be terminated or amended, such as in the event of a material breach or change in the terms of the merger. Different types of Kansas Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding approval of the Plan of Merger may include: 1. Unanimous Voting Agreement: This type of agreement ensures that all shareholders of both companies unanimously vote in favor of the Plan of Merger, leaving no room for dissent or opposition. 2. Majority Voting Agreement: Here, the agreement may require a specific majority of shareholders from each company to vote in favor of the Plan of Merger, ensuring broad support while allowing for a possible minority dissenting vote. 3. Conditional Voting Agreement: This type of agreement may establish certain conditions that need to be met for the shareholders of both companies to vote in favor of the Plan of Merger. It provides a framework for approval based on identified requirements or milestones. In summary, the Kansas Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that ensures both parties' commitment to vote in favor of the Plan of Merger. It encompasses various provisions related to voting rights, shareholder support, merger consideration, and termination provisions. Different types of voting agreements exist, such as unanimous, majority, or conditional, depending on the specific circumstances and requirements of the merger.