✨ Legal Confirmation Document
4380 NEW ZEALAND GAZETTE, No. 177 22 DECEMBER 2010
VIRTUAL ASSET SWAP
CONFIRMATION
NORTH ISLAND TRANSACTION
TO:
[Insert name of authorised signatory]
Genesis Power Limited ("Party A")
ADDRESS/FAX NUMBER:
[Insert physical address/fax number/email address]
FROM:
[Insert name of authorised signatory]
Meridian Energy Limited ("Party B")
DATE:
[Insert date]
DESCRIPTION:
North Island Transaction pursuant to the Head
Agreement (as defined below)
Tranche [●]
Block [●]
-
Notwithstanding the terms of any other agreement between you and us, this
Confirmation supplements, forms part of, and is subject to the ISDA Master Agreement
dated on or about [●] 2010 between Party A and Party B ("Master Agreement"). -
All provisions contained in the Master Agreement govern this Confirmation except as
expressly modified below. A reference to Party A in this Confirmation is a reference to
Genesis Power Limited and a reference to Party B is to Meridian Energy Limited. This
document is a Confirmation for the purposes of the Master Agreement and the Virtual
Asset Swap Head Agreement dated on or about [●] 2010 between Party A and Party B
("Head Agreement"). -
The purpose of this document is to confirm the terms and conditions of the Transaction
entered into between us on the Trade Date specified below ("Transaction"). -
The Trade Date for this Transaction is 1 January [●].
-
The Term is from the Effective Date of 00:00 hours on the first day of January [●] to the
Termination Date of 24:00 hours on the last day of December [●]. -
Notional Quantity: 17.1MW.
-
For the purposes of this Transaction:
Party A is the Floating Price Payer.
Party B is the Fixed Price Payer. -
The Fixed Price is, in respect of each megawatt hour in each Calculation Period, NZ$[#]
per MWh. -
The Transaction will be settled in cash in accordance with the Master Agreement.
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Form of Confirmation for North Island Transaction
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🏛️ Governance & Central AdministrationLegal Form, Confirmation, North Island Transaction, Virtual Asset Swap
NZ Gazette 2010, No 177