60.3  Transfer of Assets on Expiry

On or before a date falling no later than twelve (12) months prior to the Expiry Date, the Authority shall notify the Service Provider in writing whether it wishes to retender the provision of the Services and:

(a)  if the Authority wishes to retender the provision of the Services then:

(i)  the Service Provider shall do all necessary acts (including entering into any contracts) to ensure that the successor service provider obtains all of its rights, title and interest in and to the Assets with effect on and from the Expiry Date; and

(ii)  the Authority shall bear all costs of any retendering of the Agreement on expiry;

(b)  if the Authority does not wish to retender the Service then the Assets shall transfer to the Authority on the Expiry Date and the Service Provider shall do any necessary acts (including entering into any contracts) to ensure that the Authority obtains all of its rights, title and interest in the Assets with effect on and from the Expiry Date.