Nevada 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 Nevada Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a crucial document that outlines the terms and conditions for the approval of a Plan of Merger. This agreement establishes the framework and guidelines for both parties involved to ensure a smooth and transparent merger process while safeguarding the interests of shareholders. Under the Nevada Voting Agreement, Food Lion, Inc. and ECL Investments Limited agree to vote in favor of the proposed Plan of Merger, subject to certain conditions and specifications. The agreement serves as a legal commitment from both parties to support the merger, providing a level of certainty and stability to the merger process. Key terms and provisions included in the Nevada Voting Agreement may cover matters such as: 1. Approval Thresholds: The agreement may outline specific voting thresholds that need to be met for the approval of the Plan of Merger. These thresholds may be based on a majority of shares, a specific percentage of shares held by both parties, or other predetermined criteria. 2. Shareholder Voting Rights: The agreement may specify the process for exercising voting rights and provide guidelines for proxy voting, absentee voting, or any other voting mechanisms. 3. Termination Events: The agreement may outline specific circumstances under which the Nevada Voting Agreement could be terminated, such as a breach of contract by either party, material changes to the terms of the merger, or a change in control of either party. 4. Confidentiality: The agreement may include provisions requiring both parties to maintain strict confidentiality regarding the merger plan and associated discussions, ensuring that sensitive information is kept secure. 5. Governing Law: The Nevada Voting Agreement will typically specify that the agreement is governed by the laws of the state of Nevada, ensuring consistency with applicable legislation and regulations. Different types of Nevada Voting Agreements regarding approval of a Plan of Merger between Food Lion, Inc. and ECL Investments Limited may include variations in the approval thresholds, specific conditions for termination, or additional provisions tailored to unique circumstances or considerations of the merger. Ultimately, the Nevada Voting Agreement acts as a commitment and mutually acceptable framework for Food Lion, Inc. and ECL Investments Limited to proceed with a Plan of Merger, providing reassurance to shareholders and ensuring a unified approach toward the successful completion of the merger process.

The Nevada Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a crucial document that outlines the terms and conditions for the approval of a Plan of Merger. This agreement establishes the framework and guidelines for both parties involved to ensure a smooth and transparent merger process while safeguarding the interests of shareholders. Under the Nevada Voting Agreement, Food Lion, Inc. and ECL Investments Limited agree to vote in favor of the proposed Plan of Merger, subject to certain conditions and specifications. The agreement serves as a legal commitment from both parties to support the merger, providing a level of certainty and stability to the merger process. Key terms and provisions included in the Nevada Voting Agreement may cover matters such as: 1. Approval Thresholds: The agreement may outline specific voting thresholds that need to be met for the approval of the Plan of Merger. These thresholds may be based on a majority of shares, a specific percentage of shares held by both parties, or other predetermined criteria. 2. Shareholder Voting Rights: The agreement may specify the process for exercising voting rights and provide guidelines for proxy voting, absentee voting, or any other voting mechanisms. 3. Termination Events: The agreement may outline specific circumstances under which the Nevada Voting Agreement could be terminated, such as a breach of contract by either party, material changes to the terms of the merger, or a change in control of either party. 4. Confidentiality: The agreement may include provisions requiring both parties to maintain strict confidentiality regarding the merger plan and associated discussions, ensuring that sensitive information is kept secure. 5. Governing Law: The Nevada Voting Agreement will typically specify that the agreement is governed by the laws of the state of Nevada, ensuring consistency with applicable legislation and regulations. Different types of Nevada Voting Agreements regarding approval of a Plan of Merger between Food Lion, Inc. and ECL Investments Limited may include variations in the approval thresholds, specific conditions for termination, or additional provisions tailored to unique circumstances or considerations of the merger. Ultimately, the Nevada Voting Agreement acts as a commitment and mutually acceptable framework for Food Lion, Inc. and ECL Investments Limited to proceed with a Plan of Merger, providing reassurance to shareholders and ensuring a unified approach toward the successful completion of the merger process.