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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Online Sources for this page:

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





✨ LLM interpretation of page content

🏭 Virtual Asset Swap Definitions (continued from previous page)

🏭 Trade, Customs & Industry
Virtual Asset Swap, Definitions, Clauses, Terms, Master Agreement, Transaction Documents, Unit, VAS Transaction, Authorisation, Government Agency, Law, Person

🏭 Details for each Transaction

🏭 Trade, Customs & Industry
Transaction, Tranche, Block, Effective Date, Termination Date, Notional Quantity