Common use of No Governmental Consent or Approval Required Clause in Contracts

No Governmental Consent or Approval Required. Except as set -------------------------------------------- forth in Exhibit 4.20, no authorization, consent, approval or other order of, ------------ declaration to, or filing with, any governmental agency or body is required to be made or obtained by the Corporation for or in connection with the valid and lawful authorization, execution and delivery by the Corporation of the Transaction Documents, for or in connection with the valid and lawful authorization, issuance, sale and delivery of the Shares or the Warrants or for or in connection with the valid and lawful authorization, reservation, issuance, sale and delivery of the Reserved Shares, except such exemptive filings as are required to be made under applicable securities laws and have been and shall be made on a timely basis.

No Governmental Consent or Approval Required. Except as set -------------------------------------------- forth in -------------------------------------------- Exhibit 4.20, no authorization, consent, approval or other order of, declaration ------------ declaration to, or filing with, any governmental agency or body is required to be made or obtained by the Corporation for or in connection with the valid and lawful authorization, execution and delivery by the Corporation of the Transaction Documents, for or in connection with the valid and lawful authorization, issuance, sale and delivery of the Shares or the Warrants or for or in connection with the valid and lawful authorization, reservation, issuance, sale and delivery of the Reserved Shares, except such exemptive filings as are required to be made under applicable securities laws and have been and shall be made on a timely basis.