Common use of No Shareholder Approval Clause in Contracts

No Shareholder Approval. Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuance.

No Shareholder Approval. Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the NASDAQ Stock Market, Inc.) as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action in respect of the Securities which would require Seller to seek shareholder approval of the issuance of the Securities unless such issuanceshareholder approval is required by law or regulatory body (including but not limited to the NASDAQ Stock Market, Inc.) as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the DebenturesPromissory Notes, Seller will not take any action which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the Nasdaq Stock Market, Inc.) as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which Which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the NASDAQ Stock Market, Inc.) as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the Closing ----------------------- Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the American Stock Exchange) as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuance.issuance unless such shareholder approval is required by law or regulatory body (including but not limited to the Nasdaq Stock Market, Inc.) as a result of the issuance of the Securities hereunder. -10-

No Shareholder Approval. Seller hereby agrees that from the ----------------------- Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the NASDAQ Stock Market, Inc.) as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the Closing ----------------------- Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the American Stock Exchange as a result of the issuance of the Securities hereunder.

No Shareholder Approval. Seller hereby agrees that from the ----------------------- Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuance.

No Shareholder Approval. Seller hereby agrees that from the ----------------------- Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuanceissuance unless such shareholder approval is required by law or regulatory body (including but not limited to the American Stock Exchange as a result of the issuance of the Securities hereunder.