Pennsylvania 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. Pennsylvania 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 between the two parties. This agreement is crucial for ensuring a smooth and efficient merger process while protecting the interests of both companies involved. Under this agreement, Food Lion, Inc. and ECL Investments Limited agree to vote in favor of the proposed Plan of Merger, subject to certain conditions and obligations. The agreement ensures that both parties are committed to the merger and will take necessary actions to obtain the required approvals from shareholders and regulators. Key provisions of the Pennsylvania Voting Agreement include: 1. Voting Obligations: Food Lion, Inc. and ECL Investments Limited are obligated to vote all their shares in favor of the Plan of Merger at any shareholder meeting or consent solicitation. 2. Share Transfer Restrictions: The agreement may impose restrictions on the transfer of shares owned by either party during the merger process. This is to prevent any potential disruption in the approval process and to maintain stability. 3. Cooperation: Both companies agree to cooperate fully with each other and provide all necessary information and assistance to ensure the successful completion of the merger. 4. Regulatory Approvals: The agreement specifies that both parties will use their best efforts to obtain all required regulatory approvals from relevant authorities, such as antitrust or competition authorities, to facilitate the merger. 5. Termination Provisions: The agreement includes provisions for termination under certain circumstances, such as if the Plan of Merger fails to receive necessary approvals, or if there is a material breach of the agreement by either party. It is important to note that there may be different types of Pennsylvania Voting Agreements between Food Lion, Inc. and ECL Investments Limited, regarding the approval of a Plan of Merger. These types could vary based on the specific terms and conditions agreed upon by the parties involved. Therefore, the exact names of different types of Pennsylvania Voting Agreements in this context would depend on the specific agreements entered into by the parties for their unique merger circumstances.

Pennsylvania 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 between the two parties. This agreement is crucial for ensuring a smooth and efficient merger process while protecting the interests of both companies involved. Under this agreement, Food Lion, Inc. and ECL Investments Limited agree to vote in favor of the proposed Plan of Merger, subject to certain conditions and obligations. The agreement ensures that both parties are committed to the merger and will take necessary actions to obtain the required approvals from shareholders and regulators. Key provisions of the Pennsylvania Voting Agreement include: 1. Voting Obligations: Food Lion, Inc. and ECL Investments Limited are obligated to vote all their shares in favor of the Plan of Merger at any shareholder meeting or consent solicitation. 2. Share Transfer Restrictions: The agreement may impose restrictions on the transfer of shares owned by either party during the merger process. This is to prevent any potential disruption in the approval process and to maintain stability. 3. Cooperation: Both companies agree to cooperate fully with each other and provide all necessary information and assistance to ensure the successful completion of the merger. 4. Regulatory Approvals: The agreement specifies that both parties will use their best efforts to obtain all required regulatory approvals from relevant authorities, such as antitrust or competition authorities, to facilitate the merger. 5. Termination Provisions: The agreement includes provisions for termination under certain circumstances, such as if the Plan of Merger fails to receive necessary approvals, or if there is a material breach of the agreement by either party. It is important to note that there may be different types of Pennsylvania Voting Agreements between Food Lion, Inc. and ECL Investments Limited, regarding the approval of a Plan of Merger. These types could vary based on the specific terms and conditions agreed upon by the parties involved. Therefore, the exact names of different types of Pennsylvania Voting Agreements in this context would depend on the specific agreements entered into by the parties for their unique merger circumstances.