Tennessee 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 Tennessee Voting Agreement is an important legal document that outlines the terms and conditions of the approval process for the Plan of Merger between Food Lion, Inc. and ECL Investments Limited. This agreement is designed to ensure transparency and accountability in the decision-making process, providing a detailed framework for the voting and approval procedures. The agreement includes various provisions related to the Plan of Merger and its approval, with specific clauses outlining the responsibilities and obligations of both Food Lion, Inc. and ECL Investments Limited. It emphasizes the necessity of obtaining the required number of votes from the shareholders of each company for the successful completion of the merger. Regarding the approval of the Plan of Merger, there are different types of Tennessee Voting Agreements that may exist between Food Lion, Inc. and ECL Investments Limited, tailored to the specific circumstances of the transaction. Some potential types of agreements may include: 1. Standard Voting Agreement: This agreement establishes the terms and conditions for the approval of the Plan of Merger, including the specific number or percentage of shareholder votes required for the approval. 2. Proxy Voting Agreement: In certain situations, shareholders may grant their voting rights to a proxy, who will then cast the votes on their behalf. This agreement would outline the terms of such proxy voting arrangement, ensuring that the votes are properly delegated and represented. 3. Unanimous Voting Agreement: In cases where both companies require unanimous consent from their shareholders to approve the merger, this agreement sets out the process and conditions for obtaining such consent. 4. Contingent Voting Agreement: In instances where the approval of the Plan of Merger is subject to certain conditions or contingencies, this agreement specifies the actions required by both parties for the merger to proceed. 5. Restrictive Voting Agreement: This type of agreement may impose restrictions or limitations on the voting rights of certain shareholders or classes of shares, ensuring that the merger is supported by the majority or a specific portion of shareholders. These various types of Tennessee Voting Agreements aim to provide clear guidelines and ensure fairness in the approval process of the Plan of Merger between Food Lion, Inc. and ECL Investments Limited. They play a vital role in protecting the interests of both companies and their shareholders while facilitating the merger process in accordance with relevant legal requirements.

The Tennessee Voting Agreement is an important legal document that outlines the terms and conditions of the approval process for the Plan of Merger between Food Lion, Inc. and ECL Investments Limited. This agreement is designed to ensure transparency and accountability in the decision-making process, providing a detailed framework for the voting and approval procedures. The agreement includes various provisions related to the Plan of Merger and its approval, with specific clauses outlining the responsibilities and obligations of both Food Lion, Inc. and ECL Investments Limited. It emphasizes the necessity of obtaining the required number of votes from the shareholders of each company for the successful completion of the merger. Regarding the approval of the Plan of Merger, there are different types of Tennessee Voting Agreements that may exist between Food Lion, Inc. and ECL Investments Limited, tailored to the specific circumstances of the transaction. Some potential types of agreements may include: 1. Standard Voting Agreement: This agreement establishes the terms and conditions for the approval of the Plan of Merger, including the specific number or percentage of shareholder votes required for the approval. 2. Proxy Voting Agreement: In certain situations, shareholders may grant their voting rights to a proxy, who will then cast the votes on their behalf. This agreement would outline the terms of such proxy voting arrangement, ensuring that the votes are properly delegated and represented. 3. Unanimous Voting Agreement: In cases where both companies require unanimous consent from their shareholders to approve the merger, this agreement sets out the process and conditions for obtaining such consent. 4. Contingent Voting Agreement: In instances where the approval of the Plan of Merger is subject to certain conditions or contingencies, this agreement specifies the actions required by both parties for the merger to proceed. 5. Restrictive Voting Agreement: This type of agreement may impose restrictions or limitations on the voting rights of certain shareholders or classes of shares, ensuring that the merger is supported by the majority or a specific portion of shareholders. These various types of Tennessee Voting Agreements aim to provide clear guidelines and ensure fairness in the approval process of the Plan of Merger between Food Lion, Inc. and ECL Investments Limited. They play a vital role in protecting the interests of both companies and their shareholders while facilitating the merger process in accordance with relevant legal requirements.