✨ Virtual Asset Swap Transaction Details
NEW ZEALAND GAZETTE, No. 177
22 DECEMBER 2010
(a) there will be three separate groups of Transactions (each a "Tranche") covering different periods of the VAS Transaction;
(b) each Tranche will be comprised of blocks of Transactions (each a "Block");
(c) each Block will represent two Transactions, being a North Island Transaction and a South Island Transaction; and
(d) the Parties will enter into a Confirmation in respect of each Transaction, such Confirmation to identify the Block and Tranche to which it relates.
3.2 Details for each Transaction:
The Effective Date, Termination Date and Notional Quantity for each Transaction in a Block are set out in the table below opposite the Block:
| Tranche/Block | Effective Date | Termination Date | Notional Quantity MW |
|---|---|---|---|
| Tranche 1 | |||
| • Block 1 | 00:00 hours on 1 January 2011 | 24:00 hours on 31 December 2013 | 17.1 |
| • Block 2 | 00:00 hours on 1 January 2014 | 24:00 hours on 31 December 2016 | 17.1 |
| • Block 3 | 00:00 hours on 1 January 2017 | 24:00 hours on 31 December 2019 | 17.1 |
| • Block 4 | 00:00 hours on 1 January 2020 | 24:00 hours on 31 December 2022 | 17.1 |
| • Block 5 | 00:00 hours on 1 January 2023 | 24:00 hours on 31 December 2025 | 17.1 |
| Tranche 2 | |||
| • Block 1 | 00:00 hours on 1 January 2012 | 24:00 hours on 31 December 2014 | 17.1 |
| • Block 2 | 00:00 hours on 1 January 2015 | 24:00 hours on 31 December 2017 | 17.1 |
| • Block 3 | 00:00 hours on 1 January 2018 | 24:00 hours on 31 December 2020 | 17.1 |
| • Block 4 | 00:00 hours on 1 January 2021 | 24:00 hours on 31 December 2023 | 17.1 |
| Tranche 3 | |||
| • Block 1 | 00:00 hours on 1 January 2013 | 24:00 hours on 31 December 2015 | 17.1 |
| • Block 2 | 00:00 hours on 1 January 2016 | 24:00 hours on 31 December 2018 | 17.1 |
| • Block 3 | 00:00 hours on 1 January 2019 | 24:00 hours on 31 December 2021 | 17.1 |
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✨ LLM interpretation of page content
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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
🏭 Details for each Transaction
🏭 Trade, Customs & IndustryTransaction, Tranche, Block, Effective Date, Termination Date, Notional Quantity
NZ Gazette 2010, No 177