12  ASSIGNMENT

(a)  No party to this Agreement may assign or transfer any part of its rights or obligations under the Agreement, save that:

(i)  the Agent may assign or transfer its rights and obligations under this Agreement to a successor Agent in accordance with the Senior Financing Agreements without the consent of the Authority;

(ii)  any Senior Lender may assign or transfer its rights under the Senior Financing Agreements in accordance with the terms of the Senior Financing Agreements; and

(iii) the Authority may assign, novate or otherwise transfer its rights and/or obligations under this Agreement to any person that the Authority assigns, novates or otherwise transfer its rights and/or obligations under the Contract in accordance with Clause 17.3 of the Contract.

(b)  If paragraph (a)(i) applies then the Authority shall enter into a direct agreement with the new Agent on substantially the same terms as this Agreement.