✨ Virtual Asset Swap Definitions
NEW ZEALAND GAZETTE, No. 177
22 DECEMBER 2010
"Transaction Documents" means, at any time:
(a) this agreement;
(b) the ISDA Documents in effect at that time; and
(c) any other agreement or document agreed from time to time by the Parties to be a Transaction Document.
"Unit" means a megawatt hour of electricity.
"VAS Transaction" has the meaning given to it in the Introduction.
1.2 References: Except to the extent that the context otherwise requires, any reference in this agreement to:
"authorisation" means:
(a) any authorisation, consent, registration, filing, agreement, notarisation, certificate, permission, licence, permits, approval, authority or exemption; or
(b) in relation to anything which will be proscribed or restricted in whole or part by law if a government agency intervenes or acts in any way within a specified period after lodgement, filing, registration or notification, the expiry of that period without such intervention or action.
a "clause" or "schedule" is a reference to a clause of, or a schedule to, this agreement.
a "directive" includes any present or future directive, regulation, request, requirement, voluntary credit restraint programme or notification by any means or a change in interpretation or application of any law by any government agency (in each case, whether or not having the force of law but, if not having the force of law, compliance with which is in accordance with the general practice of persons to whom the directive is addressed);
"government" means any central or local government or any governmental, semi-governmental or judicial agency or authority (including any self-regulatory organisation established under statute or any stock exchange) and "government agency" shall be construed accordingly;
a "law" includes common or customary law and any constitution, decree, judgment, legislation, order, ordinance, regulation, by-law, statute, treaty or other legislative measure;
a "person" includes an individual, firm, company, corporation, unincorporated body of persons, organisation or trust, and any government agency, in each case whether or not having separate legal personality;
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NZ Gazette 2010, No 177
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Virtual Asset Swap Definitions
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🏭 Trade, Customs & IndustryVirtual Asset Swap, Definitions, Clauses, Terms, Master Agreement, Transaction Documents, Unit, VAS Transaction, Authorisation, Government Agency, Law, Person