✨ Legal Agreement Terms
"related person" means, in respect of any person, a person who is "related" to that person within the meaning of section 5B(2) of the Securities Markets Act 1988, as if that person was a body corporate;
"tax" includes any present or future tax, levy, impost, duty, rate, charge, fee, deduction or withholding of any nature and whatever called, imposed or levied by any government agency, together with any interest, penalty, charge, fee or other amount imposed or made on, or in relation to, any of the foregoing, and "taxation" shall be construed accordingly; and
"written" and "in writing" include all means of reproducing words in a tangible and permanently visible form.
1.3 Miscellaneous:
(a) Headings are inserted for convenience only and do not affect interpretation of this agreement.
(b) Unless the context otherwise requires the singular includes the plural and vice versa and words denoting individuals include other persons and vice versa.
(c) A reference to any legislation includes any statutory regulations, rules, orders or instruments made or issued pursuant to that legislation and any amendment to, or re-enactment or replacement of, that legislation.
(d) A reference to any document includes reference to that document as modified, novated, supplemented, varied or replaced from time to time.
(e) A reference to any party to a Transaction Document or any other document includes its successors and permitted assigns.
(f) A reference to a time of day is a reference to New Zealand time unless otherwise stated.
(g) Except where inconsistent with the context, the expression "at any time" also means from time to time.
1.4 ISDA Documents definitions: The terms "Affected Party", "Affected Transaction", "Credit Support Document", "Credit Support Provider", "Early Termination Date", "Fixed Price", "Fixed Price Payer", "Floating Price Payer" and "Non-defaulting Party" have the meanings given in the ISDA Documents.
- COMMENCEMENT
2.1 This agreement (other than clauses 4.1and 4.2, which shall become effective from the date of this agreement) shall become effective on 1 January 2011.
- STRUCTURE OF VAS TRANSACTION
3.1 Subdivision into Tranches and Blocks: The VAS Transaction will be given effect to by the parties entering into and performing a series of Transactions, the details of which are set out in this clause 3. The Transactions will be organised as follows (as illustrated in schedule 5):
Next Page →
NZ Gazette 2010, No 177
✨ LLM interpretation of page content
🏭
Virtual Asset Swap Definitions
(continued from previous page)
🏭 Trade, Customs & IndustryVirtual Asset Swap, Definitions, Clauses, Terms, Master Agreement, Transaction Documents, Unit, VAS Transaction, Authorisation, Government Agency, Law, Person