Common use of Amendment Consents Clause in Contracts

Amendment Consents. This Agreement may be amended by the parties hereto at any time prior to the Effective Time; provided, however, that, after approval of the Merger by the stockholders of the Company, no amendment may be made without further stockholder approval which the Company determines requires further approval by such stockholders under applicable Laws. The Buyer Parties and the Company agree to amend this Agreement in the manner provided in the immediately preceding sentence to the extent required to continue the status of the Company as a REIT. This Agreement may not be amended except by an instrument in writing signed by the parties hereto. Notwithstanding anything to the contrary contained herein, any provision of this Agreement requiring the consent of any of the Buyer Parties hereunder shall be deemed to be satisfied upon receipt of a consent from Parent.

Appears in 2 contracts

Sources: Merger Agreement (Ashford Hospitality Trust Inc), Merger Agreement (CNL Hotels & Resorts, Inc.)