Common use of OUTSIDE SERVICES; DEALINGS WITH AFFILIATES; OUTSIDE ACTIVITIES Clause in Contracts

OUTSIDE SERVICES; DEALINGS WITH AFFILIATES; OUTSIDE ACTIVITIES. (a) Notwithstanding any provision of this Article VI to the contrary, the Manager may employ such agents, accountants, attorneys and others as it shall deem advisable, including its directors, officers, members, and its Affiliates and entities with which the Manager, any Member or their respective Affiliates may be associated, Ashford Inc.’s directors, officers and stockholders, and may pay them reasonable compensation from Company funds for services performed, which compensation shall be reasonably believed by the Manager to be comparable to and competitive with fees charged by unrelated Persons who render comparable services which could reasonably be made available to the Company. The Manager shall not be liable for the neglect, omission or wrongdoing of any such Person so long as it appointed such Person in good faith.

Appears in 5 contracts

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

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