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3.3 c. To repair any damage occurring during transport. <br />3.3 d. Artist team's failure or refusal to make a revision required under <br />this Section 3.3 shall constitute a breach of this Agreement. <br />4. Time for Comaletion. <br />4.1 Artist team shall commence the Work anytime after the execution date of <br />this Agreement. <br />4.2 Artist team shall complete the Work no later than August 31, 2006. <br />Failure to complete as specified shall constitute a breach of this Agreement. <br />4.3 City will grant reasonable extensions of time to Artist team only if there is <br />a delay on the part of City in performing its obligation under this Agreement. <br />5. Consideration. <br />The consideration which City shall pay to Artist team for the Work in this <br />Agreement, as described in Section 2, shall be $18,000.00, payable in three <br />installments, as follows: <br />5.1 Phase 1: The first payment of nine thousand dollars ($9,000.00) will be <br />made upon receipt of a signed contract and an invoice from Artist team for Phase 1 <br />costs. <br />5.2 Phase 2: The second payment of four thousand five hundred dollars <br />($4,500.00) will be made when the City receives photographic evidence of completion <br />of the terrazzo rings and the ceramic base. , <br />5.3 Phase 3: The third payment of four thousand five hundred dollars <br />($4,500.00) will be made when the Work has been delivered and installed at the <br />Installation Site and photographic documentation and a City of Eugene Registration <br />form have been submitted to City. Payment will be made no later than two months <br />after completion of the Work. <br />5.4 Artist team shall submit an invoice for services when appropriate. All <br />payments will be made within 30 days of the date of the acceptance of phased <br />progress. Artist team shall submit an invoice for services for each phase outlined <br />above. <br />6. Termination. <br />Notwithstanding any other provision hereof to the contrary, this Agreement may <br />be terminated as follows: <br />6.1 The parties, by mutual written agreement, may terminate this Agreement <br />at any time. <br />6.2 Either party may terminate this Agreement in the event of a breach of <br />Agreement by the other party. <br />6.3 City may terminate this Agreement immediately upon Artist team's failure <br />Page 4 <br />