Fairfax Virginia Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger

• Category: Corporations - Public - Voting Agreements
• State: Multi-State
• County: Fairfax
• 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. Fairfax Virginia Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger: The Fairfax Virginia Voting Agreement is a binding contract that establishes the terms and conditions regarding the approval of a Plan of Merger between Food Lion, Inc. and ECL Investments Limited. This agreement outlines the rights and obligations of both parties involved in the merger process, particularly regarding the voting rights of the shareholders. Under this agreement, Food Lion, Inc. and ECL Investments Limited agree to seek approval from their respective shareholders for the proposed Plan of Merger. The purpose of this agreement is to ensure a fair and transparent voting process that aligns with the best interest of the shareholders and complies with the laws and regulations governing mergers and acquisitions in Fairfax, Virginia. Key provisions of the Fairfax Virginia Voting Agreement may include: 1. Shareholder Approval: The agreement will specify the percentage of votes required from each company's shareholders to approve the Plan of Merger. This ensures that the merger decision accurately reflects the majority will of the respective shareholders. 2. Voting Rights: The agreement may outline the voting rights of different classes of shareholders, such as common shareholders or preferred shareholders. Each class of shareholders may have varying degrees of influence in the approval process, depending on their respective shareholding interests. 3. Voting Procedures: The agreement may include detailed procedures for conducting the vote, such as the timing and location of the shareholder meeting, the proxy voting process, and any requirements for notification or disclosure to shareholders. 4. Termination Clause: In some cases, the agreement may include a termination clause, which specifies the circumstances under which either party can withdraw from the agreement or terminate the merger process. This protects the interests of both parties and allows for flexibility in case unforeseen circumstances arise. Some potential types of Fairfax Virginia Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding the approval of Plan of Merger could be: 1. Fairfax Virginia Voting Agreement — Preferred Shareholder: If ECL Investments Limited holds preferred shares in Food Lion, Inc., this agreement may outline the specific voting rights and requirements for approval from preferred shareholders. 2. Fairfax Virginia Voting Agreement — Common Shareholder: If both companies have common shareholders, a separate agreement may be drawn up to address the voting rights and procedures specifically applicable to common shareholders. These are just hypothetical examples, and the actual types of voting agreements between Food Lion, Inc. and ECL Investments Limited would depend on their specific circumstances, shareholding structure, and other relevant factors.

Fairfax Virginia Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger: The Fairfax Virginia Voting Agreement is a binding contract that establishes the terms and conditions regarding the approval of a Plan of Merger between Food Lion, Inc. and ECL Investments Limited. This agreement outlines the rights and obligations of both parties involved in the merger process, particularly regarding the voting rights of the shareholders. Under this agreement, Food Lion, Inc. and ECL Investments Limited agree to seek approval from their respective shareholders for the proposed Plan of Merger. The purpose of this agreement is to ensure a fair and transparent voting process that aligns with the best interest of the shareholders and complies with the laws and regulations governing mergers and acquisitions in Fairfax, Virginia. Key provisions of the Fairfax Virginia Voting Agreement may include: 1. Shareholder Approval: The agreement will specify the percentage of votes required from each company's shareholders to approve the Plan of Merger. This ensures that the merger decision accurately reflects the majority will of the respective shareholders. 2. Voting Rights: The agreement may outline the voting rights of different classes of shareholders, such as common shareholders or preferred shareholders. Each class of shareholders may have varying degrees of influence in the approval process, depending on their respective shareholding interests. 3. Voting Procedures: The agreement may include detailed procedures for conducting the vote, such as the timing and location of the shareholder meeting, the proxy voting process, and any requirements for notification or disclosure to shareholders. 4. Termination Clause: In some cases, the agreement may include a termination clause, which specifies the circumstances under which either party can withdraw from the agreement or terminate the merger process. This protects the interests of both parties and allows for flexibility in case unforeseen circumstances arise. Some potential types of Fairfax Virginia Voting Agreements between Food Lion, Inc. and ECL Investments Limited regarding the approval of Plan of Merger could be: 1. Fairfax Virginia Voting Agreement — Preferred Shareholder: If ECL Investments Limited holds preferred shares in Food Lion, Inc., this agreement may outline the specific voting rights and requirements for approval from preferred shareholders. 2. Fairfax Virginia Voting Agreement — Common Shareholder: If both companies have common shareholders, a separate agreement may be drawn up to address the voting rights and procedures specifically applicable to common shareholders. These are just hypothetical examples, and the actual types of voting agreements between Food Lion, Inc. and ECL Investments Limited would depend on their specific circumstances, shareholding structure, and other relevant factors.