Alternative Action

Example Definitions of "Alternative Action"
Alternative Action. Means any action (a) by Toymax's Board of Directors (i) to withdraw its approval or recommendation of the Merger or (ii) to modify or to qualify such approval or recommendation in a manner materially adverse to JAKKS or which would prevent, impede or materially delay the consummation of the Merger or (iii) to accept or recommend an Alternative Proposal; or (b) by Toymax or any Principal Stockholder to enter into any Alternative Agreement. 1
Found in TOYMAX INTERNATIONAL INC contract
Alternative Action. Means any action (a) by Toymax's Pentech's Board of Directors (i) to withdraw its approval or recommendation of the Merger or (ii) to modify or to qualify such approval or recommendation in a manner materially adverse to JAKKS or which would prevent, impede or materially delay the consummation of the Merger or (iii) to accept or recommend an Alternative Proposal; or (b) by Toymax Pentech or any Principal Stockholder to enter into any Alternative Agreement. 1
Found in PENTECH INTERNATIONAL INC contract
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