Common use of Authority to Amend Clause in Contracts

Authority to Amend. (h) This Agreement may be amended by Ashford Inc. without the approval of any other Member if such amendment (i) is solely for the purpose of clarification or is of an inconsequential nature and (ii) does not change the substance of this Agreement and the Company has obtained an opinion of counsel to that effect.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ashford Inc), Limited Liability Company Agreement (Ashford Hospitality Trust Inc)

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Authority to Amend. (ha) This Agreement may be amended by Ashford Inc. without the approval of any other Member if such amendment (i) is solely for the purpose of clarification or is of an inconsequential nature and (ii) does not change the substance of this Agreement and the Company has obtained an opinion of counsel to that effect.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ashford Inc.), Limited Liability Company Agreement (Ashford Inc)

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Authority to Amend. (ha) This Agreement may be amended by Ashford OAINC Inc., Ashford OAINC II Inc. or Ashford Inc. without the approval of any other Member if such amendment (i) is solely for the purpose of clarification or is of an inconsequential nature and (ii) does not change the substance of this Agreement and the Company has obtained an opinion of counsel to that effect.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ashford Inc.)

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