Anti-takeover Terms Sample Clauses
Anti-takeover terms are provisions included in corporate agreements or bylaws to prevent or discourage hostile takeovers of a company. These terms may include mechanisms such as poison pills, staggered board elections, or requirements for supermajority shareholder approval before certain changes can occur. By making it more difficult or costly for an outside party to gain control without board approval, anti-takeover terms protect the interests of existing management and shareholders, ultimately aiming to ensure stability and prevent unwanted or opportunistic acquisitions.
Anti-takeover Terms. No claim will be made or enforced by the Company or, with the consent of the Company, any other Person, that Purchaser is an “interested stockholder” under Section 203 of the Delaware General Corporation Law or that Purchaser could be deemed to trigger the provisions of any poison pill or anti-takeover plan or arrangement, to the extent solely by virtue of receiving the Securities under the Transaction Documents.