King Washington 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: King
• 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 King Washington Voting Agreement is an important legal document that outlines the terms and conditions for the approval of a Plan of Merger between Food Lion, Inc. and ECL Investments Limited. This agreement ensures that both companies are aligned in their decision-making process and have agreed to vote in favor of the proposed merger. The voting agreement between Food Lion, Inc. and ECL Investments Limited is crucial in obtaining the necessary approvals from shareholders for the successful completion of the merger. It acts as a binding contract between the two parties, ensuring that they will vote their respective shares in favor of the Plan of Merger. Some key aspects covered in the agreement include the voting rights of each party, the number of shares being voted, and any restrictions or limitations on the voting process. It also specifies the timeframe within which the parties agree to vote in favor of the merger, providing a clear timeline for completion. There may be different types of King Washington Voting Agreements between Food Lion, Inc. and ECL Investments Limited. These can include agreements related to different stages of the merger process, such as initial approval, subsequent approvals, or specific conditions that need to be met for the merger to proceed. For example, one type of King Washington Voting Agreement could be an initial agreement that outlines the commitment of both parties to vote in favor of the Plan of Merger in the initial shareholder meeting. Another type could be a subsequent agreement that specifies the commitment to vote in favor of additional approvals required at later stages of the merger process. In summary, the King Washington Voting Agreement is a legally binding document that ensures the alignment and commitment of Food Lion, Inc. and ECL Investments Limited to vote in favor of the Plan of Merger. By having this agreement in place, both parties solidify their commitment to the merger and work together to obtain the necessary shareholder approvals.

The King Washington Voting Agreement is an important legal document that outlines the terms and conditions for the approval of a Plan of Merger between Food Lion, Inc. and ECL Investments Limited. This agreement ensures that both companies are aligned in their decision-making process and have agreed to vote in favor of the proposed merger. The voting agreement between Food Lion, Inc. and ECL Investments Limited is crucial in obtaining the necessary approvals from shareholders for the successful completion of the merger. It acts as a binding contract between the two parties, ensuring that they will vote their respective shares in favor of the Plan of Merger. Some key aspects covered in the agreement include the voting rights of each party, the number of shares being voted, and any restrictions or limitations on the voting process. It also specifies the timeframe within which the parties agree to vote in favor of the merger, providing a clear timeline for completion. There may be different types of King Washington Voting Agreements between Food Lion, Inc. and ECL Investments Limited. These can include agreements related to different stages of the merger process, such as initial approval, subsequent approvals, or specific conditions that need to be met for the merger to proceed. For example, one type of King Washington Voting Agreement could be an initial agreement that outlines the commitment of both parties to vote in favor of the Plan of Merger in the initial shareholder meeting. Another type could be a subsequent agreement that specifies the commitment to vote in favor of additional approvals required at later stages of the merger process. In summary, the King Washington Voting Agreement is a legally binding document that ensures the alignment and commitment of Food Lion, Inc. and ECL Investments Limited to vote in favor of the Plan of Merger. By having this agreement in place, both parties solidify their commitment to the merger and work together to obtain the necessary shareholder approvals.