516 



effect on the same date as the denunciation of the Liabilit}^ Conven- 

 tion takes effect according to paragraph 3 of Article XVI of that 

 Convention. 



5. Notwithstanding a denunciation by a Contracting State pur- 

 suant to this Article, any provisions of this Convention rehiting to 

 the obhgations to make contributions under Article 10 with respect 

 to an incident referred to in Article 12, paragraph 2(b), and occurring 

 before the denunciation takes effect shall continue to apply. 



Article 42 



1. Any Contracting State may, within ninety days after the deposit 

 of an instrument of denunciation the result of which it considers 

 Avill significantly increase the level of contributions for remaining 

 Contracting States, request the Director to convene an extraordinary 

 session of the Assembly. The Director shall convene tlio Assembly 

 to meet not later than sixty daj'^s after recepit of the request. 



2. The Director may convene, on his own initiative, an extraor- 

 dinary session of the Assembly to meet within sixty days after 

 the dei)0sit of any instrument of denunication, if he considers that 

 such denunciation will result in a significant increase in the level 

 of contributions for the remaining Contracting States. 



3. If the Assembly at an extraordinary session convened in accord- 

 ance with |)aragraph 1 or 2 decides that the denunciation will result 

 in a significant increase in the level of contributions for the remaining 

 Contracting States, any such State may, not later than one hundred 

 and twenty days before the date on which that denunciation takes 

 effect, denounce this Convention with effect from the same date. 



Article 43 



1. This Convention shall cease to be in force on the date when the 

 mimber of Cotitracting States falls below three. 



2. Contracting States which are bound by this Convention on the 

 date before the day it ceases to be in force shall enable the Fund to 

 exercise its functions as described under Article 44 and shall, for 

 that purpose only, remain bound by this Convention. 



Article 44 



1. If this Convention ceases to be in force, the Fund shall neverthe- 

 less 



(a) meet its obligations in res])cct of any in(;ident occurring 

 before the Convention ceased to be in force; 



(b) be entitlefl to exercise its j'ights to contributions to the 

 extent that' these contributions are necessary to meet the obli- 

 gations under sub-])aragra])h (a), including expenses for the 

 administration of the Fund necessary for this |>ur|)ose. 



2. The Assembly shall take all ai)])ro|)riate measures to complete 

 the winding uj) of the Fund, including the distribution in an ecjuitable 

 manner of any remaining assets among those j)ersons who have con- 

 tributed to the Fund. 



3. For the purposes of this Article the Fund shall remain a legal 

 person. 



