AMENDMENT, MODIFICATIONS AND WAIVER. This Agreement hereto shall not be altered or otherwise amended in any respect, except pursuant to an instrument in writing signed by the parties hereto; provided, that any additions to or deletions from the Peer Group Members identified in Exhibit A shall only be made with the approval of a majority of the Independent Directors of the Company. The waiver by a party of a breach of any provisions of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
Appears in 11 contracts
Samples: Advisory Agreement (Ashford Inc.), Advisory Agreement (Ashford Hospitality Trust Inc), Advisory Agreement (Ashford Inc.)
AMENDMENT, MODIFICATIONS AND WAIVER. This Agreement hereto shall not be altered or otherwise amended in any respect, except pursuant to an instrument in writing signed by the parties hereto; provided, that any additions to or deletions from the Peer Group Members identified in Exhibit A shall only be made with the approval of a majority of the Independent Directors of the Company. The waiver by a party of a breach of any provisions of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
Appears in 5 contracts
Samples: Advisory Agreement (Lasalle Hotel Properties), Advisory Agreement (Lasalle Hotel Properties), Advisory Agreement (Lasalle Hotel Properties)
AMENDMENT, MODIFICATIONS AND WAIVER. This Agreement hereto shall not be altered or otherwise amended in any respect, except pursuant to an instrument in writing signed by the parties hereto; provided, that any additions to or deletions from the Peer Group Members identified in Exhibit A shall only be made with the approval of a majority of the Independent Directors of the CompanyCompany and a majority of the Independent Directors of Ashford Trust, the indirect parent of the Advisor. The waiver by a party of a breach of any provisions of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
Appears in 4 contracts
Samples: Advisory Agreement (Ashford Hospitality Trust Inc), Advisory Agreement (Ashford Hospitality Prime, Inc.), Advisory Agreement (Ashford Hospitality Prime, Inc.)
AMENDMENT, MODIFICATIONS AND WAIVER. This Agreement hereto shall not be altered or otherwise amended in any respect, except pursuant to an instrument in writing signed by the parties hereto; provided, that any additions to or deletions from the Peer Group Members identified in Exhibit A shall only be made with the approval of a majority all of the Independent Directors of the CompanyParties. The waiver by a party of a breach of any provisions of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
Appears in 3 contracts
Samples: Right of First Offer Agreement (Ashford Hospitality Prime, Inc.), Right of First Offer Agreement (Ashford Hospitality Trust Inc), Right of First Offer Agreement (Ashford Hospitality Prime, Inc.)
