Common use of CANCELLATION BY LESSOR Clause in Contracts

CANCELLATION BY LESSOR. In the event that Lessor requires the space contained in the Demised Premises for the purpose of expanding its business operation or the business operation of any affiliated company of Lessor or partnership in which Lessor is a partner, then Lessor shall have, at any time after the expiration of the primary term hereof, the option to terminate the remaining primary term of the Lease or any renewal period as the case may be, by providing Lessee with one (1) year prior written notice of Lessor’s election to do so.

CANCELLATION BY LESSOR. In the event that Lessor requires the space contained in the Demised Premises for the purpose of expanding its business operation or the business operation of any affiliated company of Lessor or partnership in which Lessor is a partner, then Lessor shall have, at any time after the expiration of the N/A lease year of the primary term hereof, the option to terminate the remaining primary term of the Lease or any renewal period as the case may be, by providing Lessee with one (1) year prior written notice of Lessor’s 's election to do so.