Common use of Assignment of Warrant Clause in Contracts

Assignment of Warrant. Subject to the transfer conditions referred to in the legend endorsed hereon, this Warrant and all rights hereunder are transferable, in whole or in part (in the case of a partial transfer such transfer must be for purchase rights to acquire at least the Threshold Amount or, if lower than the Threshold Amount, the number of Common Shares obtainable upon exercise of this Warrant), without charge to the Registered Holder, upon surrender of this Warrant with a properly executed Assignment (in the form of Exhibit II hereto) at the principal office of the Company, together with funds to pay any transfer taxes payable; provided, however, that this Warrant and all rights hereunder shall at no time be transferred to any publicly traded company whose primary business is the ownership of office buildings or to any Person who beneficially owned 2,000,000 or more common units of the Operating Partnership as of May 28, 2002; provided, that for purposes of this paragraph 7A, beneficial ownership of Common Shares shall not be deemed to be beneficial ownership of common units of the Operating Partnership.