Franklin Ohio 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: Franklin
• 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 Franklin Ohio Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions for approving the Plan of Merger between the two companies. This agreement aims to establish a clear understanding between the parties involved and ensure a smooth transition during the merger process. The following is a detailed description of the agreement, including relevant keywords: 1. Parties: The agreement involves Food Lion, Inc., a well-established grocery store chain, and ECL Investments Limited, a prominent investment firm. Both parties are actively engaged in negotiations to merge their operations. 2. Purpose: The Franklin Ohio Voting Agreement serves the purpose of obtaining the necessary approval for the Plan of Merger. It outlines the voting procedures and rights of the shareholders for both Food Lion and ECL Investments Limited. The agreement ensures transparency, fairness, and compliance with regulations. 3. Approval Process: The agreement details the process that shareholders must follow to approve the Plan of Merger. It includes the necessary quorum requirements and minimum voting thresholds for the agreement to be considered valid. This step safeguards the interests of both companies and their respective stakeholders. 4. Voting Rights: The Franklin Ohio Voting Agreement outlines the voting rights of Food Lion and ECL Investments Limited shareholders. This includes the number of votes each shareholder is entitled to, giving proper consideration to their respective ownership stakes. The agreement may also specify any restrictions on voting rights or privileges based on certain conditions. 5. Termination: The agreement addresses the circumstances under which either party may terminate the Franklin Ohio Voting Agreement. This section may include reasons such as a failure to meet specified conditions or a breach of contract. Termination provisions help protect the interests of both companies in case unforeseen circumstances arise. Different Types of Franklin Ohio Voting Agreements: 1. Standard Franklin Ohio Voting Agreement: This refers to the primary agreement between Food Lion, Inc. and ECL Investments Limited regarding the approval of the Plan of Merger. It covers the essential terms and conditions related to voting rights, approval process, and termination. 2. Amended Franklin Ohio Voting Agreement: If any modifications or revisions are required during the negotiation process, an amended agreement may be drafted and executed. This type of agreement alters the terms and conditions of the original agreement to address changed circumstances or to accommodate new provisions agreed upon by both parties. 3. Extension Franklin Ohio Voting Agreement: In case the merger process takes longer than initially anticipated, the parties may enter into an extension agreement. This agreement extends the validity and enforceability of the original voting agreement for a specific period, allowing more time to finalize the merger. By carefully following the Franklin Ohio Voting Agreement, Food Lion, Inc. and ECL Investments Limited aim to ensure seamless shareholder approval of the Plan of Merger, guaranteeing a successful integration of their business operations.

The Franklin Ohio Voting Agreement between Food Lion, Inc. and ECL Investments Limited is a legally binding document that outlines the terms and conditions for approving the Plan of Merger between the two companies. This agreement aims to establish a clear understanding between the parties involved and ensure a smooth transition during the merger process. The following is a detailed description of the agreement, including relevant keywords: 1. Parties: The agreement involves Food Lion, Inc., a well-established grocery store chain, and ECL Investments Limited, a prominent investment firm. Both parties are actively engaged in negotiations to merge their operations. 2. Purpose: The Franklin Ohio Voting Agreement serves the purpose of obtaining the necessary approval for the Plan of Merger. It outlines the voting procedures and rights of the shareholders for both Food Lion and ECL Investments Limited. The agreement ensures transparency, fairness, and compliance with regulations. 3. Approval Process: The agreement details the process that shareholders must follow to approve the Plan of Merger. It includes the necessary quorum requirements and minimum voting thresholds for the agreement to be considered valid. This step safeguards the interests of both companies and their respective stakeholders. 4. Voting Rights: The Franklin Ohio Voting Agreement outlines the voting rights of Food Lion and ECL Investments Limited shareholders. This includes the number of votes each shareholder is entitled to, giving proper consideration to their respective ownership stakes. The agreement may also specify any restrictions on voting rights or privileges based on certain conditions. 5. Termination: The agreement addresses the circumstances under which either party may terminate the Franklin Ohio Voting Agreement. This section may include reasons such as a failure to meet specified conditions or a breach of contract. Termination provisions help protect the interests of both companies in case unforeseen circumstances arise. Different Types of Franklin Ohio Voting Agreements: 1. Standard Franklin Ohio Voting Agreement: This refers to the primary agreement between Food Lion, Inc. and ECL Investments Limited regarding the approval of the Plan of Merger. It covers the essential terms and conditions related to voting rights, approval process, and termination. 2. Amended Franklin Ohio Voting Agreement: If any modifications or revisions are required during the negotiation process, an amended agreement may be drafted and executed. This type of agreement alters the terms and conditions of the original agreement to address changed circumstances or to accommodate new provisions agreed upon by both parties. 3. Extension Franklin Ohio Voting Agreement: In case the merger process takes longer than initially anticipated, the parties may enter into an extension agreement. This agreement extends the validity and enforceability of the original voting agreement for a specific period, allowing more time to finalize the merger. By carefully following the Franklin Ohio Voting Agreement, Food Lion, Inc. and ECL Investments Limited aim to ensure seamless shareholder approval of the Plan of Merger, guaranteeing a successful integration of their business operations.