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authorities in connection with the project and pursuant to the Greek legislationand the bilateral governmental agreements if any. For this purpose the Clientshall apply the retentions provided by the relevant tax laws.Value Added Tax will be born by the Client.ARTICLE 10. DURATION, COMPLETION AND TERMINATION OF THECONTRACT10.1. Commencement of ServicesThe Consultant shall begin carrying out the Services on the………………of ……………….. 2006.10.2. Expiration of ContractUnless terminated earlier pursuant to Clause 10.4, this Contract shall beterminated on ……………………… .10.3. Force Majeurea) Neither PPC nor the Contractor shall be responsible for any failure ordelay in the performance of this Contract caused by Force Majeure.b) The term «Force Majeure» shall mean unavoidable causes beyond thecontrol of, and arising without the fault or negligence of PPC and theContractor and which events could not have been foreseen orprevented, whatever diligence might have been exercised by a diligentand wise party to this Contract, and preventing either party fromperforming its obligations under the present Contract.c) In case either party considers that an event of Force Majeure hastaken place that has rendered it unable to perform its obligations underthis Contract, it must duly and promptly notify the other party of suchan event, and within ten calendars days from the cessation of such anevent, both parties shall mutually decide upon the necessary timeextension.d) It is specifically agreed that causes of Force Majeure, if any, affectingthe performance of this Contract, are acceptable only as causes ofdelay with proportional prolongation of the time schedule and not asbasis for compensating either party, and will not, therefore, constitutecause for payment of any amount due to Force Majeure.e) The Contractor and PPC each reserve the right to terminate thisContract as a result of Force Majeure which exceeds a continuousperiod of three calendar weeks, by giving prior notice in writing to theother party at least two calendar weeks prior to the effective date oftermination. In such a case neither party shall have any claimwhatsoever as a result of the termination and all payments made to theContractor up to the date of termination shall be readjusted inproportion to the work performed.10.4. Termination34
10.4.1. By the Client10.4.2.10.4.3.All the Client’s rights deriving from the other provisions of the Contractbeing reserved, the Client may terminate this Contract, by not less thanten (10) days’ written notice of termination to the Consultant, to be givenafter the occurrence of any of the events specified in paragraphs (a)through (d) of this Clause:a) If the Consultant do not remedy a failure in the performance or theirobligations under the Contract, within ten (10) days after beingnotified or within any further period as the Client may havesubsequently approved in writing;b) If the Consultant become insolvent or bankrupt or if they are putunder forced administration or the Consultant have substitutedthemselves, in whole or in part in the performance of the Contractby any third party.c) If, as the result of Force Majeure, the Consultant are unable toperform a material portion of the Services for a period of not lessthan twenty (20) days; ord) If the Client, in its sole discretion, decides to terminate this Contract.In case of termination pursuant to paragraph (a) of this Clause, theConsultant shall be liable against the Client for any and all directdamages actually sustained by the Client in relation to such terminationof the Contract to the extent caused by the Consultant’s negligence orwilful misfeasance. In no event shall Consultant be responsible for anyindirect, incidental or consequential damages.By the ConsultantThe Consultant may terminate this Contract, by not less than ten (10)days’ written notice to the Client, such notice to be given after theoccurrence of any of the events specified in paragraphs (a) and (b) ofthis Clause:a) If the Client fails to make payments due to the Consultant pursuantto Clause 5 within forty-five (45) days after receiving written noticefrom the Consultant that such payment is overdue; orb) If, as the result of Force Majeure, the Consultant are unable toperform a material portion of the Services for a period of not lessthan twenty (20) days.Payment upon TerminationUpon termination of this Contract pursuant to Clauses 10.4.1. or 10.4.2,the Client shall make the following payments to the Consultant:a) Remuneration pursuant to Articles 7 and 8 of this Contract forServices satisfactorily performed prior to the effective date oftermination in accordance with the terms of this Contract.b) Except in the case of termination pursuant to paragraphs (a) and (b)of Clause 10.4.1, reimbursement of any reasonable cost incident tothe prompt and orderly termination of the Contract taking into35
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