New Zealand Gazette – 2010 – No. 177

Page 4332

✨ Electricity Swap Agreement Terms



NEW ZEALAND GAZETTE, No. 177

22 DECEMBER 2010

"South Island Transactions" means the Transactions described in Part 1 of the annex hereto.

"Term" means, in relation to a Transaction, the period from (and including) 00:00 hours on the Effective Date of the Transaction to (and including) 24:00 hours on the Termination Date of the Transaction.

"Termination Date" means, in relation to a Transaction, 24:00 hours on the date specified in the annex hereto as the Termination Date for the Transaction.

"Year" means Year 1, Year 2 or Year 3.

"Year 1" means, in relation to a Transaction, the period from (and including) 00:00 hours on the Effective Date of the Transaction to (and including) 24:00 hours on 31 December of the year in which the Effective Date falls.

"Year 2" means, in relation to a Transaction, the period from (and including) 00:00 hours on 1 January of the year immediately following the year in which the Effective Date falls to (and including) 24:00 hours on 31 December in that same year.

"Year 3" means, in relation to a Transaction, the period from (and including) 00:00 hours on 1 January of the year in which the Termination Date falls to (and including) 24:00 hours on the Termination Date.

  1. The Fixed Price for each Transaction shall be rounded, if necessary, to the nearest two decimal places.

  2. Notwithstanding Section 7 of the Agreement (as replaced by Paragraph 3.10 of Part 5 of the Schedule), each party agrees that:



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2010, No 177




✨ LLM interpretation of page content

🏭 Confirmation of Electricity Swap Agreement (continued from previous page)

🏭 Trade, Customs & Industry
Electricity Swap, ISDA Master Agreement, Business Day, Payment Details, Carbon Emissions, South Island Transactions, Notional Quantity, Term, Termination Date, Year