✨ Definitions and Clauses
4340 NEW ZEALAND GAZETTE, No. 177 22 DECEMBER 2010
"Code" means the Electricity Industry Participation Code 2010 administered by the Electricity Authority as brought into force under section 36 of the EIA, as amended or substituted from time to time.
"Confirmation" means:
(a) in relation to a North Island Transaction, a written confirmation in respect of the Transaction substantially in the form attached in schedule 2; and
(b) in relation to a South Island Transaction, a written confirmation in respect of the Transaction substantially in the form attached in schedule 3.
"Credit Rating" means, in relation to any person at any time, a rating granted by an Approved Rating Agency to that person's long term unsecured unsubordinated indebtedness.
"Credit Support Annex" means the 1995 ISDA credit support annex (bilateral form - transfer) subject to English law substantially in the form attached in schedule 4.
"Dispute" has the meaning given to it in clause 10.1.
"Dollars", "New Zealand dollars" and "$" means the lawful currency of New Zealand.
"Effective Date" in respect of a Transaction, means the day designated as such in clause 3.2.
"EIA" has the meaning given to it in the Introduction.
"Fitch" means Fitch Ratings Australia Pty Limited.
"GST Act" means the Goods and Services Tax Act 1985.
"ISDA" means the International Swaps and Derivatives Association, Inc.
"ISDA Definitions" means the definitions published or co-published from time to time by ISDA.
"ISDA Documents" has the meaning given in the Introduction provided that, if at any time:
(a) the Parties have agreed that ISDA Definitions shall apply to the Transactions, it shall include those ISDA Definitions; and
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NZ Gazette 2010, No 177
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Virtual Asset Swap Head Agreement
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