Definition of Poison Pill

  1. Poison Pill means any plan, agreement, rights, securities or instruments that are commonly referred to as a "poison pill" because they have the effect of diluting or otherwise discriminating against a particular "acquiring person" (or any similar term) by reason of such person's ownership of a particular amount of Voting Securities.

Examples of Poison Pill in a sentence

  1. Assuming the accuracy of the representations and warranties of Parent set forth in Section 5.16 hereof, the Company has taken all necessary action to exempt the transactions contemplated by this Agreement from all applicable state takeover laws and any comparable provisions in the Articles of Incorporation or Bylaws of the Company or any Rights Agreement, Poison Pill or similar anti-takeover agreement or plan to which the Company or any Subsidiary is a party.

Definition of Poison Pill in Amended and Restated Credit Agreement

Poison Pill means any plan, agreement, rights, securities or instruments that are commonly referred to as a "poison pill" because they have the effect of diluting or otherwise discriminating against a particular "acquiring person" (or any similar term) by reason of such person's ownership of a particular amount of Voting Securities.