Common use of Sunset Date Clause in Contracts

Sunset Date. If Design-Builder has not achieved Substantial Completion within six hundred and fifty (650) Days after the date of the Notice to Proceed (“Sunset Date”) for any reason other than a material breach of this Agreement by Owner or an act of the Owner which materially delays Design-Builder’s performance under this Agreement, then, without regard to any otherwise applicable extension of the Contract Time, Owner may terminate this Agreement pursuant to Section 15.2.