✨ Electricity Swap Confirmation
22 DECEMBER 2010 NEW ZEALAND GAZETTE, No. 177 4327
ATTACHMENT 1
VERSION TO BE RELEASED
CONFIRMATION - ELECTRICITY SWAP
To:
Bruce Miller, Head of Wholesale Markets
Mighty River Power Limited ("Party A")
Address/Fax number:
Millenium Centre
602 Great South Road
Private Bag 92008
Auckland 1142
New Zealand
+64 95803508
From:
Wholesale Markets Manager
Meridian Energy Limited ("Party B")
Date:
-
This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 20 June 2003, as amended and supplemented from time to time ("Agreement"), between you and us. All provisions contained in the Agreement govern this Confirmation except as expressly modified below. A reference to "Party A" in this confirmation is a reference to Mighty River Power Limited and a reference to "Party B" is to Meridian Energy Limited.
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The purpose of this document is to confirm the terms and conditions of each Transaction described in the annex hereto entered into between us on the Trade Date specified below (each a "Transaction"). This document constitutes a "Confirmation" as referred to in this Agreement.
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The Transactions will be organised as follows:
(a) there will be three separate groups of Transactions (each a "Tranche"); and
(b) each Tranche will be comprised of blocks of Transactions (each a "Block"), as described in the annex hereto.
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The Trade Date for each Transaction is 2010 [insert date that the Transaction is entered into].
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Settlement Date means, in respect of each Transaction, in respect of a Settlement Period, the latter of:
(a) the 20th day of the month following that Settlement Period; and
(b) if Party A has not actually received from Party B (as Calculation Agent) by the 15th day of the month following that Settlement Period an invoice detailing the aggregate of the Fixed Amounts and Floating Amounts in respect of that Settlement Period, the date falling 5 Business Days after the date on which Party A actually receives such invoice.
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Settlement Period means, in respect of each Transaction, each calendar month during the Term of the Transaction.
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NZ Gazette 2010, No 177
✨ LLM interpretation of page content
🏭 Confirmation of Electricity Swap Agreement
🏭 Trade, Customs & IndustryElectricity Swap, ISDA Master Agreement, Mighty River Power, Meridian Energy, Confirmation
- Bruce Miller, Recipient of the confirmation
- Wholesale Markets Manager, Meridian Energy Limited