✨ Definitions in Agreement
"Taxation" means all forms of taxation and all other statutory, governmental or local governmental impositions, duties, levies, tariffs and rates whether imposed or payable in New Zealand or elsewhere and includes any reassessment thereof, and all penalties, fines, interest costs, and expenses in connection with the foregoing.
"Tekapo A Power Station" means the power generating station located on certificate of title CFR 262118, Lot 1 (Canterbury Land Registry).
"Tekapo B Power Station" means the power generating station located on certificate of title CFR 425212, Lot 1 (Canterbury Land Registry).
"Tekapo Canal" means the canal which flows from the outlet of the Tekapo A power station to the inlet of the Tekapo B power station.
"Time of Supply" means the date on which the supply evidenced by this Agreement is treated as taking place for GST purposes pursuant to section 9 of the GST Act.
"Transaction", for the purposes of Section 4 of this Agreement, means the supply of goods and/or services by the Vendor for GST purposes pursuant to this Agreement.
"TSA" means the Agreement for Provision of Transitional Services between the parties signed on or about the date of this Agreement.
"Vendor Provisions" has the meaning set out in clause 10.5(b).
"Warranties" means those warranties contained in Schedule 4.
"Water Management Agreement" means the agreement between the parties of that name signed on or about the date of this agreement.
1.2 Construction: In this Agreement, unless the context otherwise requires, any reference to:
(a) an agreement includes a contract, deed, licence, undertaking (in each case whether oral or written) or other document recording obligations (whether mutual or otherwise);
(b) a consent includes an approval, authorisation, exemption, filing, licence, order, permit, recording or registration (and references to obtaining consents are to be construed accordingly);
(c) an encumbrance includes a debenture, mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, title retention, equity, deferred purchase option, right of pre-emption and any other Security Interest or third party right whether legal or equitable (and references to "encumber" are to be construed accordingly);
(d) an event includes any act, omission, transaction or other occurrence and includes Settlement;
(e) a person includes an individual, body corporate, an association of persons (whether corporate or not), a trust and a state and agency of a state (in each case, whether or not having separate legal personality and whether incorporated or existing in New Zealand or elsewhere); and
(f) rights includes any interests, rights, powers, privileges, authorities, discretions, or remedies.
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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
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🌾 Primary Industries & ResourcesAgreement, Sale, Purchase, Power Stations, Definitions, Consents, Contracts