Common use of SCOPE AND LIMITATIONS Clause in Contracts

SCOPE AND LIMITATIONS. The rights of Tenant in this Section 10.2 shall be cumulative and consecutive. Tenant's first right and right of first refusal shall only apply to a separate and individual transfer of the Building to an unrelated third party not affiliated or in anyway benefiting the University of Wisconsin. Tenant's right of first refusal and first right shall not apply to a transfer necessary to maintain Landlord's tax exempt status, or as part of a transfer of all or substantially all of Landlord's interest in all land in the University Research Park. However, any subsequent transfer not to such an entity or not for a similar purpose shall be subject to Tenant's rights.

Appears in 2 contracts

Sources: Lease Agreement (Third Wave Technologies Inc /Wi), Lease Agreement (Third Wave Technologies Inc /Wi)