Kings New York 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: Kings
• 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. Kings New York Voting Agreement is a legally binding document that outlines the terms and conditions under which Food Lion, Inc. and ECL Investments Limited have agreed to approve the Plan of Merger. The agreement specifies the rights, obligations, and responsibilities of both parties involved in the merger process. It ensures that the voting rights and interests of shareholders of Kings New York, a company being merged, are protected and accounted for during the approval process. Keywords: Kings New York, Voting Agreement, Food Lion, Inc., ECL Investments Limited, Plan of Merger, approval, shareholders, rights, obligations, responsibilities, interests. As for different types of Kings New York Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger, they could include: 1. Exclusive Voting Agreement: This type of agreement may grant exclusive voting rights to Food Lion, Inc. and ECL Investments Limited, meaning that no other parties are allowed to vote on behalf of the shareholders of Kings New York during the approval process. 2. Non-Exclusive Voting Agreement: In contrast, a non-exclusive voting agreement allows other parties, such as Kings New York shareholders, to exercise their voting rights independently of the agreement between Food Lion, Inc., and ECL Investments Limited. This type of agreement is often less restrictive and provides more flexibility to the shareholders. 3. Majority Voting Agreement: This agreement type requires that a majority of shareholders, either in terms of voting power or number of shares, must vote in favor of the Plan of Merger for it to be approved. It ensures that the decision is made with the support of a significant portion of shareholders, minimizing the risk of potential conflicts or dissenting opinions. 4. Unanimous Voting Agreement: In some cases, parties may opt for a unanimous voting agreement, which necessitates the approval of every single shareholder of Kings New York for the Plan of Merger to proceed. This type of agreement typically ensures that all shareholders are fully aligned and supportive of the merger decision. These different types of Kings New York Voting Agreement between Food Lion, Inc. and ECL Investments Limited allow the involved parties to choose the level of control, flexibility, and consensus they desire during the approval process, taking into account the specific circumstances and requirements surrounding the merger.

Kings New York Voting Agreement is a legally binding document that outlines the terms and conditions under which Food Lion, Inc. and ECL Investments Limited have agreed to approve the Plan of Merger. The agreement specifies the rights, obligations, and responsibilities of both parties involved in the merger process. It ensures that the voting rights and interests of shareholders of Kings New York, a company being merged, are protected and accounted for during the approval process. Keywords: Kings New York, Voting Agreement, Food Lion, Inc., ECL Investments Limited, Plan of Merger, approval, shareholders, rights, obligations, responsibilities, interests. As for different types of Kings New York Voting Agreement between Food Lion, Inc. and ECL Investments Limited regarding approval of Plan of Merger, they could include: 1. Exclusive Voting Agreement: This type of agreement may grant exclusive voting rights to Food Lion, Inc. and ECL Investments Limited, meaning that no other parties are allowed to vote on behalf of the shareholders of Kings New York during the approval process. 2. Non-Exclusive Voting Agreement: In contrast, a non-exclusive voting agreement allows other parties, such as Kings New York shareholders, to exercise their voting rights independently of the agreement between Food Lion, Inc., and ECL Investments Limited. This type of agreement is often less restrictive and provides more flexibility to the shareholders. 3. Majority Voting Agreement: This agreement type requires that a majority of shareholders, either in terms of voting power or number of shares, must vote in favor of the Plan of Merger for it to be approved. It ensures that the decision is made with the support of a significant portion of shareholders, minimizing the risk of potential conflicts or dissenting opinions. 4. Unanimous Voting Agreement: In some cases, parties may opt for a unanimous voting agreement, which necessitates the approval of every single shareholder of Kings New York for the Plan of Merger to proceed. This type of agreement typically ensures that all shareholders are fully aligned and supportive of the merger decision. These different types of Kings New York Voting Agreement between Food Lion, Inc. and ECL Investments Limited allow the involved parties to choose the level of control, flexibility, and consensus they desire during the approval process, taking into account the specific circumstances and requirements surrounding the merger.