Common use of EXTENSION OF TIME FOR PERFORMANCE Clause in Contracts

EXTENSION OF TIME FOR PERFORMANCE. No Completion Deadline extension hereunder shall release Design-Builder, Design-Builder’s Surety, or any Guarantor from its obligations. VPRA shall not be deemed to have waived any rights under the Agreement (including its right to abrogate the Agreement for abandonment or for failure to complete within the time specified, or to impose and deduct damages as may be provided herein) as the result of any grant of an extension of a Completion Deadline beyond the date fixed for the completion of any part of the Work, any Acceptance of performance of any part of the Work after a Completion Deadline, or the making of any payments to Design-Builder after such date.

Appears in 2 contracts

Sources: Design Build Agreement, Design Build Agreement