✨ Legal Agreement Details
(ii) all canals (including the Tekapo Canal), penstocks, control gates, dams, spillways, roads, bridges, measuring stations, intakes, tunnels and other works of any nature associated with or necessary for the operation of the Power Stations which are located on or in the Land and are owned by the Vendor;
(iii) the Hydrometric Station Equipment;
(iv) the Line;
(v) a multi-pair copper conductor telecommunications cable between the Tekapo A Power Station and Gate 16 including an unused E1 telecommunication connection and the Nortel PABX Exchange unit located at the Tekapo A Power Station;
(vi) the fibre optic cable and multi-core copper cable between the Tekapo A Power Station and the Transpower radio hut located in the vicinity of the Tekapo A Power Station; and
(vii) the copper cable between the Lake Tekapo intake structure and control shed and from the Lake Tekapo water level recorder and control shed,
but does not include:
(viii) any funds held as cash in hand or deposited with any bank or other financial institution, or any book debts or other payments owing to the Vendor as at Settlement;
(ix) any agreements relating to the export of electricity to the national transmission grid, the sale of electricity generated at the Power Stations, nor any financial hedge agreements relating to wholesale electricity prices;
(x) assets which are owned by Transpower New Zealand Limited or other parties and are listed or described in Schedule 9;
(xi) the station servers and associated control terminals that are located in the Power Stations and which form part of the "Generation Control System"; and
(xii) subject to subclauses (v) to (vii) above, any communications links, fibre optic cables or associated terminating equipment used in connection with the Power Stations or otherwise located on the Land.
"Assigned Contract" has the meaning in clause 10.1.
"Assumed Obligations" has the meaning in clause 10.8.
"Authority" means any minister, department of state, government authority, regional council, territorial authority or other statutory authority having jurisdiction or authority to perform or exercise functions or powers under or pursuant to any statute.
"Bill Rate" means the "FRA" rate for 90 day bank accepted bills (expressed as a percentage per annum) as quoted on Reuters page BKBM (or such other page as may replace that page on that service for displaying quotations for bank bills of exchange having a tenor of 90 days) at or about 10.45 am on the Business Day next following the due date.
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NZ Gazette 2011, No 93
✨ LLM interpretation of page content
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Agreement for Sale and Purchase of Power Stations
(continued from previous page)
🌾 Primary Industries & ResourcesAgreement, Sale, Purchase, Power Stations, Infrastructure, Exclusions