Louisiana 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. Louisiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger is a legally binding document that outlines the terms and conditions for voting on the approval of a merger between the two entities. The agreement serves to protect the rights and interests of both companies and establishes a framework for the voting process. The Louisiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited may encompass the following key provisions: 1. Approval of the Plan of Merger: The agreement specifies that the shareholders of both Food Lion, Inc. and ECL Investments Limited will vote on the approval of the proposed Plan of Merger. This ensures that the decision is made collectively, taking into consideration the interests of all shareholders. 2. Voting Rights: The document defines the voting rights of the shareholders, including the number of votes each share carries. It also outlines any restrictions or special conditions related to voting. 3. Voting Procedures: The agreement establishes the procedures for conducting the voting process. It may include guidelines for conducting a physical or electronic vote, deadlines for submitting votes, and any requirements for proxy voting. 4. Confidentiality: The voting agreement may include clauses related to the confidentiality of discussions and information exchanged during the voting process. This ensures the protection of sensitive corporate information. 5. Representations and Warranties: Both Food Lion, Inc. and ECL Investments Limited may provide representations and warranties regarding their respective businesses and assets to ensure transparency and build trust among the parties involved. 6. Termination: The agreement may outline the circumstances under which the Voting Agreement can be terminated, such as a failure to reach the required approval threshold or a material breach of the agreement by either party. 7. Governing Law and Jurisdiction: The agreement may specify that it is governed by the laws of the state of Louisiana. It also outlines the jurisdiction where any disputes arising from the agreement will be resolved. Different types of Louisiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger may include variations specific to the terms and conditions negotiated between the parties. These may include provisions related to the exchange ratio of shares, consideration to be received by shareholders, any conditional approvals required, or specific approvals from regulatory authorities. It is important for both Food Lion, Inc. and ECL Investments Limited to consult with legal professionals while drafting and executing the Louisiana Voting Agreement to ensure compliance with applicable laws and to protect their respective interests.

Louisiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger is a legally binding document that outlines the terms and conditions for voting on the approval of a merger between the two entities. The agreement serves to protect the rights and interests of both companies and establishes a framework for the voting process. The Louisiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited may encompass the following key provisions: 1. Approval of the Plan of Merger: The agreement specifies that the shareholders of both Food Lion, Inc. and ECL Investments Limited will vote on the approval of the proposed Plan of Merger. This ensures that the decision is made collectively, taking into consideration the interests of all shareholders. 2. Voting Rights: The document defines the voting rights of the shareholders, including the number of votes each share carries. It also outlines any restrictions or special conditions related to voting. 3. Voting Procedures: The agreement establishes the procedures for conducting the voting process. It may include guidelines for conducting a physical or electronic vote, deadlines for submitting votes, and any requirements for proxy voting. 4. Confidentiality: The voting agreement may include clauses related to the confidentiality of discussions and information exchanged during the voting process. This ensures the protection of sensitive corporate information. 5. Representations and Warranties: Both Food Lion, Inc. and ECL Investments Limited may provide representations and warranties regarding their respective businesses and assets to ensure transparency and build trust among the parties involved. 6. Termination: The agreement may outline the circumstances under which the Voting Agreement can be terminated, such as a failure to reach the required approval threshold or a material breach of the agreement by either party. 7. Governing Law and Jurisdiction: The agreement may specify that it is governed by the laws of the state of Louisiana. It also outlines the jurisdiction where any disputes arising from the agreement will be resolved. Different types of Louisiana Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger may include variations specific to the terms and conditions negotiated between the parties. These may include provisions related to the exchange ratio of shares, consideration to be received by shareholders, any conditional approvals required, or specific approvals from regulatory authorities. It is important for both Food Lion, Inc. and ECL Investments Limited to consult with legal professionals while drafting and executing the Louisiana Voting Agreement to ensure compliance with applicable laws and to protect their respective interests.