Common use of SURRENDER OF LEASE Clause in Contracts

SURRENDER OF LEASE. If in the reasonable opinion of the Lessor any proposed Rebuilding requires the demolition or alteration of the Premises or any part of the Premises or if such proposed expansion, rebuilding or alteration means that the Premises will not in the reasonable opinion of the Lessor be suitable or in a suitable location in the Property for the Permitted Use (or if the Rebuilding in the area close to the Premises means that it is desirable for the Lessor to rebuild that area of the Property in which the Premises are situated) the Lessor may give notice in writing (the "Surrender Notice") to the Lessee no earlier than the 5th anniversary of the Commencement Date that it requires this Lease to be surrendered on a date (the "Date of Surrender") to be specified in such notice and in no event being less than 6 months from the service of the Surrender Notice.

SURRENDER OF LEASE. If in the reasonable opinion of the Lessor any proposed Rebuilding requires the demolition or alteration of the Premises or any part of the Premises or if such proposed expansion, rebuilding or alteration means that the Premises will not in the reasonable opinion of the Lessor be suitable or in a suitable location in the Property for the Permitted Use (or if the Rebuilding in the area close to the Premises means that it is desirable for the Lessor to rebuild that area of the Property in which the Premises are situated) the Lessor may give notice in writing (the "Surrender Notice") to the Lessee no earlier than the 5th anniversary of the Commencement Initial Expiry Date that it requires this Lease to be surrendered on a date (the "Date of Surrender") to be specified in such notice and in no event being less than 6 months from the service of the Surrender Notice.