Texas 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. Texas 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 entities. This agreement is designed to ensure that both parties are in agreement and have equal representation in terms of voting rights during the merger process. The Texas Voting Agreement serves to protect the interests of both Food Lion, Inc. and ECL Investments Limited and to guarantee a fair and transparent decision-making process regarding the approval of the Plan of Merger. It establishes the voting rights, obligations, and responsibilities of each party during this crucial phase of the merger. Keywords: Texas, Voting Agreement, Food Lion, Inc., ECL Investments Limited, approval, Plan of Merger There can be different types or elements within a Texas Voting Agreement, which may include: 1. Voting Rights: The agreement defines the voting rights of each party involved, ensuring that both Food Lion, Inc. and ECL Investments Limited have a fair and equal say in the approval process. This may include provisions for majority or super majority voting requirements. 2. Obligations: The agreement specifies the obligations of Food Lion, Inc. and ECL Investments Limited during the approval process, such as providing timely information, attending shareholder meetings, and voting in accordance with the terms outlined in the agreement. 3. Shareholder Consent: The agreement may outline the requirement for obtaining shareholder consent for the approval of the Plan of Merger. It may detail the process by which this consent will be obtained and the necessary majority or quorum needed for the approval. 4. Termination: The Texas Voting Agreement may include provisions for termination in certain circumstances, such as a breach of contract, a failure to meet obligations, or an inability to reach a mutually agreeable decision. 5. Confidentiality: The agreement may include confidentiality provisions to ensure that sensitive information shared during the merger process remains confidential and is not disclosed to third parties without consent. 6. Governing Law: The agreement typically specifies that it is governed by and interpreted in accordance with the laws of the state of Texas, ensuring that any disputes or legal issues arising from the agreement will be resolved under Texas jurisdiction. It is essential for both Food Lion, Inc. and ECL Investments Limited to carefully review and understand the specifics of the Texas Voting Agreement to ensure a smooth and successful merger process.

Texas 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 entities. This agreement is designed to ensure that both parties are in agreement and have equal representation in terms of voting rights during the merger process. The Texas Voting Agreement serves to protect the interests of both Food Lion, Inc. and ECL Investments Limited and to guarantee a fair and transparent decision-making process regarding the approval of the Plan of Merger. It establishes the voting rights, obligations, and responsibilities of each party during this crucial phase of the merger. Keywords: Texas, Voting Agreement, Food Lion, Inc., ECL Investments Limited, approval, Plan of Merger There can be different types or elements within a Texas Voting Agreement, which may include: 1. Voting Rights: The agreement defines the voting rights of each party involved, ensuring that both Food Lion, Inc. and ECL Investments Limited have a fair and equal say in the approval process. This may include provisions for majority or super majority voting requirements. 2. Obligations: The agreement specifies the obligations of Food Lion, Inc. and ECL Investments Limited during the approval process, such as providing timely information, attending shareholder meetings, and voting in accordance with the terms outlined in the agreement. 3. Shareholder Consent: The agreement may outline the requirement for obtaining shareholder consent for the approval of the Plan of Merger. It may detail the process by which this consent will be obtained and the necessary majority or quorum needed for the approval. 4. Termination: The Texas Voting Agreement may include provisions for termination in certain circumstances, such as a breach of contract, a failure to meet obligations, or an inability to reach a mutually agreeable decision. 5. Confidentiality: The agreement may include confidentiality provisions to ensure that sensitive information shared during the merger process remains confidential and is not disclosed to third parties without consent. 6. Governing Law: The agreement typically specifies that it is governed by and interpreted in accordance with the laws of the state of Texas, ensuring that any disputes or legal issues arising from the agreement will be resolved under Texas jurisdiction. It is essential for both Food Lion, Inc. and ECL Investments Limited to carefully review and understand the specifics of the Texas Voting Agreement to ensure a smooth and successful merger process.