Nebraska 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. Nebraska Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions for the approval of a Plan of Merger. This agreement is essential in facilitating the merger process between the two entities. Key aspects of the agreement may include: 1. Background: The agreement may provide a brief overview of the entities involved, outlining their respective roles, responsibilities, and relevant details such as corporate structure and ownership. 2. Merger Proposal: The agreement may outline the specific terms and conditions of the proposed merger, including the exchange ratio, method of payment, treatment of outstanding shares, and any other relevant details. 3. Approval Process: It details the process by which both parties agree to seek approval for the merger from their respective shareholders. This may include convening special meetings, preparing and distributing proxy statements, and securing the necessary votes for approval. 4. Voting Commitments: The agreement may include provisions whereby both Food Lion, Inc. and ECL Investments Limited commit to voting their shares in favor of the merger, subject to certain conditions and exceptions, to ensure the successful completion of the transaction. 5. Board Representation: In some cases, the agreement may address the post-merger board composition, including the allocation of seats and voting rights to ensure adequate representation for each party's interests. 6. Termination and Amendments: The agreement may specify the circumstances under which the agreement can be terminated, including breach of terms, failure to obtain necessary approvals, or material changes in the merger terms. It may also outline the process for amending the agreement if required. Types of Nebraska Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding the approval of Plan of Merger could include: 1. Binding Nebraska Voting Agreement: This type of agreement obligates both parties to vote in favor of the Plan of Merger as outlined under specific terms and conditions. It ensures that both parties are committed to the successful completion of the merger. 2. Non-Binding Nebraska Voting Agreement: In situations where the parties may want to express their intent but do not wish to create a binding obligation, a non-binding voting agreement can be employed. This agreement serves as a signal of mutual support without invoking legal obligations. It is important to note that the specific terms and provisions of the Nebraska Voting Agreement can vary depending on the circumstances of the merger, the wishes of the parties involved, and the applicable laws and regulations governing such agreements.

Nebraska Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions for the approval of a Plan of Merger. This agreement is essential in facilitating the merger process between the two entities. Key aspects of the agreement may include: 1. Background: The agreement may provide a brief overview of the entities involved, outlining their respective roles, responsibilities, and relevant details such as corporate structure and ownership. 2. Merger Proposal: The agreement may outline the specific terms and conditions of the proposed merger, including the exchange ratio, method of payment, treatment of outstanding shares, and any other relevant details. 3. Approval Process: It details the process by which both parties agree to seek approval for the merger from their respective shareholders. This may include convening special meetings, preparing and distributing proxy statements, and securing the necessary votes for approval. 4. Voting Commitments: The agreement may include provisions whereby both Food Lion, Inc. and ECL Investments Limited commit to voting their shares in favor of the merger, subject to certain conditions and exceptions, to ensure the successful completion of the transaction. 5. Board Representation: In some cases, the agreement may address the post-merger board composition, including the allocation of seats and voting rights to ensure adequate representation for each party's interests. 6. Termination and Amendments: The agreement may specify the circumstances under which the agreement can be terminated, including breach of terms, failure to obtain necessary approvals, or material changes in the merger terms. It may also outline the process for amending the agreement if required. Types of Nebraska Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding the approval of Plan of Merger could include: 1. Binding Nebraska Voting Agreement: This type of agreement obligates both parties to vote in favor of the Plan of Merger as outlined under specific terms and conditions. It ensures that both parties are committed to the successful completion of the merger. 2. Non-Binding Nebraska Voting Agreement: In situations where the parties may want to express their intent but do not wish to create a binding obligation, a non-binding voting agreement can be employed. This agreement serves as a signal of mutual support without invoking legal obligations. It is important to note that the specific terms and provisions of the Nebraska Voting Agreement can vary depending on the circumstances of the merger, the wishes of the parties involved, and the applicable laws and regulations governing such agreements.