North Dakota Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger

State:
Multi-State
Control #:
US-EG-9240
Format:
Word; 
Rich Text
Instant download

Description

Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger dated August 17, 1999. 8 pages. North Dakota Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legal document that outlines an agreement between both parties regarding the approval of a Plan of Merger. This agreement is designed to establish the terms and conditions under which both Food Lion, Inc. and ECL Investments Limited will vote on the proposed merger between their respective companies. Keywords: North Dakota Voting Agreement, Food Lion, Inc., ECL Investments Limited, approval, Plan of Merger. In this agreement, both companies agree to vote their respective shares in favor of the proposed merger plan, ensuring that the consolidation of the companies can proceed as planned. The agreement may include various provisions, such as: 1. Voting Rights: The agreement specifies the number of shares each party holds and their commitment to vote those shares in favor of the Plan of Merger. 2. Approval Thresholds: The agreement may set specific threshold requirements for the approval of the merger plan. For example, it may stipulate that a certain percentage of shareholders must vote in favor of the plan for it to be approved. 3. Timeframe: The agreement may outline a specific time period during which the voting will take place. This ensures that both parties are committed to a timely decision-making process. 4. Confidentiality: The agreement may include provisions regarding the confidentiality of any non-public information shared between the parties during the merger process. 5. Termination and Amendment: The agreement may outline the circumstances in which either party can terminate the agreement or seek to amend its terms. This provides flexibility and allows for potential changes in circumstances. Different types of North Dakota Voting Agreements between Food Lion, Inc. and ECL Investments Limited may exist based on the specific terms, conditions, and provisions agreed upon by both parties. However, common types of agreements may include: 1. Standard Voting Agreement: This agreement outlines the general terms and conditions for voting in favor of the Plan of Merger. 2. Exclusive Voting Agreement: This agreement could grant exclusivity to ECL Investments Limited to vote in favor of the merger plan. It could restrict Food Lion, Inc. from engaging in any other merger discussions or negotiations during a specific period. 3. Contingency-based Voting Agreement: This agreement might outline certain conditions or contingencies under which the parties agree to vote in favor of the merger. For example, the agreement may stipulate that Food Lion, Inc. will vote for approval only if specific financial or regulatory conditions are met. It is important to note that the specific types of North Dakota Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding the approval of the Plan of Merger can vary depending on the negotiations and objectives of the parties involved.

North Dakota Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legal document that outlines an agreement between both parties regarding the approval of a Plan of Merger. This agreement is designed to establish the terms and conditions under which both Food Lion, Inc. and ECL Investments Limited will vote on the proposed merger between their respective companies. Keywords: North Dakota Voting Agreement, Food Lion, Inc., ECL Investments Limited, approval, Plan of Merger. In this agreement, both companies agree to vote their respective shares in favor of the proposed merger plan, ensuring that the consolidation of the companies can proceed as planned. The agreement may include various provisions, such as: 1. Voting Rights: The agreement specifies the number of shares each party holds and their commitment to vote those shares in favor of the Plan of Merger. 2. Approval Thresholds: The agreement may set specific threshold requirements for the approval of the merger plan. For example, it may stipulate that a certain percentage of shareholders must vote in favor of the plan for it to be approved. 3. Timeframe: The agreement may outline a specific time period during which the voting will take place. This ensures that both parties are committed to a timely decision-making process. 4. Confidentiality: The agreement may include provisions regarding the confidentiality of any non-public information shared between the parties during the merger process. 5. Termination and Amendment: The agreement may outline the circumstances in which either party can terminate the agreement or seek to amend its terms. This provides flexibility and allows for potential changes in circumstances. Different types of North Dakota Voting Agreements between Food Lion, Inc. and ECL Investments Limited may exist based on the specific terms, conditions, and provisions agreed upon by both parties. However, common types of agreements may include: 1. Standard Voting Agreement: This agreement outlines the general terms and conditions for voting in favor of the Plan of Merger. 2. Exclusive Voting Agreement: This agreement could grant exclusivity to ECL Investments Limited to vote in favor of the merger plan. It could restrict Food Lion, Inc. from engaging in any other merger discussions or negotiations during a specific period. 3. Contingency-based Voting Agreement: This agreement might outline certain conditions or contingencies under which the parties agree to vote in favor of the merger. For example, the agreement may stipulate that Food Lion, Inc. will vote for approval only if specific financial or regulatory conditions are met. It is important to note that the specific types of North Dakota Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding the approval of the Plan of Merger can vary depending on the negotiations and objectives of the parties involved.

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North Dakota Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger