Maryland 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 Maryland Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding contract that outlines the terms and conditions related to the approval of a Plan of Merger. This agreement serves as a framework for both parties to vote and decide on the proposed merger between the two entities. Key Parties: The agreement involves Food Lion, Inc., a leading retail grocery store chain, and ECL Investments Limited, an investment company with an interest in the potential merger. Purpose: The primary purpose of this voting agreement is to establish a unified and structured approach for the approval of the Plan of Merger. It ensures that both parties are confident in understanding the terms of the agreement and are committed to working together for the success of the merger. Voting Rights: The agreement lays out the voting rights of each party concerning the approval of the merger. It outlines the number of votes required for the Plan of Merger to be approved, which may depend on factors such as ownership percentages or other agreed-upon conditions. Approval Process: The agreement provides a detailed outline of the steps and procedures involved in seeking and obtaining approval for the merger. It may include requirements for convening special meetings, providing relevant documentation or notices, and the timeline for the voting process. Confidentiality and Non-Disclosure: The Maryland Voting Agreement often includes clauses regarding the confidentiality of sensitive information exchanged between the parties during the approval process. This ensures that both Food Lion, Inc. and ECL Investments Limited handle any proprietary or confidential information securely and do not disclose it to third parties without proper authorization. Amendments to Agreement: The agreement may include provisions for making amendments or modifications to the voting agreement if necessary. This allows for any potential changes to be considered and agreed upon by both parties should circumstance or conditions change during the approval process. Indemnification and Liability: The agreement could outline a provision for indemnification, protecting both parties from any potential losses, damages, or liabilities arising from the approval of the Plan of Merger, as long as the agreement's terms are followed. Different Types: While there may not be different types of Maryland Voting Agreements specifically between Food Lion, Inc. and ECL Investments Limited regarding the approval of a Plan of Merger, the terms and clauses within the agreement can vary depending on the specific circumstances and complexities of the merger. Each agreement will be individually tailored to address the unique needs and considerations of the involved parties.

The Maryland Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding contract that outlines the terms and conditions related to the approval of a Plan of Merger. This agreement serves as a framework for both parties to vote and decide on the proposed merger between the two entities. Key Parties: The agreement involves Food Lion, Inc., a leading retail grocery store chain, and ECL Investments Limited, an investment company with an interest in the potential merger. Purpose: The primary purpose of this voting agreement is to establish a unified and structured approach for the approval of the Plan of Merger. It ensures that both parties are confident in understanding the terms of the agreement and are committed to working together for the success of the merger. Voting Rights: The agreement lays out the voting rights of each party concerning the approval of the merger. It outlines the number of votes required for the Plan of Merger to be approved, which may depend on factors such as ownership percentages or other agreed-upon conditions. Approval Process: The agreement provides a detailed outline of the steps and procedures involved in seeking and obtaining approval for the merger. It may include requirements for convening special meetings, providing relevant documentation or notices, and the timeline for the voting process. Confidentiality and Non-Disclosure: The Maryland Voting Agreement often includes clauses regarding the confidentiality of sensitive information exchanged between the parties during the approval process. This ensures that both Food Lion, Inc. and ECL Investments Limited handle any proprietary or confidential information securely and do not disclose it to third parties without proper authorization. Amendments to Agreement: The agreement may include provisions for making amendments or modifications to the voting agreement if necessary. This allows for any potential changes to be considered and agreed upon by both parties should circumstance or conditions change during the approval process. Indemnification and Liability: The agreement could outline a provision for indemnification, protecting both parties from any potential losses, damages, or liabilities arising from the approval of the Plan of Merger, as long as the agreement's terms are followed. Different Types: While there may not be different types of Maryland Voting Agreements specifically between Food Lion, Inc. and ECL Investments Limited regarding the approval of a Plan of Merger, the terms and clauses within the agreement can vary depending on the specific circumstances and complexities of the merger. Each agreement will be individually tailored to address the unique needs and considerations of the involved parties.