Common use of Cancellation Provision Clause in Contracts

Cancellation Provision. The Lessor reserves the right to cancel this Conservation Grazing Lease Agreement, provided notice of intent to cancel for the following year, is sent to Lessee by January 5th of any lease year. The Lessor reserves the right to cancel for any reason deemed to be in the best programmatic interests of the Lessor including but not limited to wetland mitigation purposes and grant requirements. The lessee has the right to cancel this Conservation Grazing Lease Agreement provided notice of intent to cancel for the following year is given by September 1st of any lease year.