New Zealand Gazette – 2011 – No. 93

Page 2670

✨ Legal Agreement Terms



(b) the singular includes the plural and vice versa;

(c) references to individuals include companies and other corporations and vice versa;

(d) a reference to a statute or other law includes regulations and other instruments under it and consolidations, amendments, re-enactments or replacements of any of them (whether before or after the date of this agreement);

(e) reference to any document includes reference to that document (and, where applicable, any of its provisions) as amended, novated, supplemented, or replaced from time to time;

(f) reference to a party, person or entity includes:

(i) an individual, partnership, firm, company, body corporate, corporation, association, trust, estate, state, government or any agency thereof, municipal or local authority and any other entity, whether incorporated or not (in each case whether or not having a separate legal personality); and

(ii)    an employee, agent, successor, permitted assign, executor, administrator and other representative of such party, person or entity;

(g) "written" and "in writing" include any means of reproducing words, figures or symbols in a tangible and visible form;

(h) references to money are to New Zealand dollars;

(i) references to times of day or dates are to New Zealand times and dates;

(j) a reference in this agreement to a clause or a section is a reference to a clause or a section of the main body of this agreement or the relevant schedule;

(k) each schedule, appendix or other attachment forms part of this agreement; and

(l) "including" and similar words do not imply any limitation.

2. TERM

2.1 Term: This agreement will commence at 8.00am on the date on which the acquisition of the Tekapo Power Stations by Genesis Energy is settled in accordance with the SPA ("Commencement Date"), and will continue until midnight at the end of 30 April 2025 ("Term").

2.2 Enforcement: This agreement is intended to be enforceable by the parties throughout the Term despite any change in market circumstances.

3. WAITAKI POWER SCHEME RESOURCE CONSENTS AND CONDUCT OF BUSINESS

3.1 Waitaki Power Scheme Resource Consents: If either party intends to permit or require any transfer, variation, cancellation, or other disposition of any of the Waitaki Consents held by it, it shall, prior to such transfer, variation, cancellation, or other disposition, consult with the other party about the implications thereof (but this shall not derogate from the provisions of section 18).



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2011, No 93




✨ LLM interpretation of page content

🌾 Definitions related to Water Management Agreement (continued from previous page)

🌾 Primary Industries & Resources
Definitions, Water Management, Energy Companies, Waitaki River, Legal Terms

🌾 Term of Agreement

🌾 Primary Industries & Resources
Term, Agreement Duration, Commencement Date, Termination Date

🌾 Waitaki Power Scheme Resource Consents

🌾 Primary Industries & Resources
Resource Consents, Waitaki Power Scheme, Transfer, Variation, Cancellation