Common use of No Approval Required Clause in Contracts

No Approval Required. No authorization, approval, or other action by, and no notice to or filing with, any governmental authority or regulatory body is required either (i) for the pledge by Pledgor of the Pledged Collateral pursuant to this Agreement or for the execution, delivery or performance of the Agreement by Pledgor or (ii) for the exercise by the Secured Party of the rights provided for in this Agreement or the remedies in respect of the Pledged Collateral pursuant to this Agreement (except as may be required in connection with such disposition by laws affecting the offering and sale of securities generally).

Appears in 4 contracts

Samples: Conversion and Loan Modification Agreement (Arkanova Energy Corp.), Pledge Agreement (Arkanova Energy Corp.), Note Purchase Agreement (Arkanova Energy Corp)

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No Approval Required. No authorization, approval, or other -------------------- action by, and no notice to or filing with, any governmental authority or regulatory body is required either (i) for the pledge by Pledgor of the Pledged Collateral pursuant to this Agreement or for the execution, delivery or performance of the this Agreement by Pledgor or (ii) for the exercise by the Secured Party of the rights provided for in this Agreement or the remedies in respect of the Pledged Collateral pursuant to this Agreement (except as may be required in connection with such disposition by laws affecting the offering and sale of or securities generally).; and

Appears in 1 contract

Samples: Pledge Agreement (Polyphase Corp)

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