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SECTION 9 : RIGHTS OF FIRST REFUSAL

9.1 RELEVANT CROWN LAND

The Crown agrees that the Settlement Legislation shall include:

(a) a provision providing for Te Runanga to have a right of first refusal over certain land owned by the Crown and specified Crown Bodies and certain financial instruments owned by Land Corporation Limited. That provision shall be in the form of, or to the same effect as, the provision set out in Part II of Attachment 9.1; and

(b) definitions to the same effect as those set out in Part I of Attachment 9.1.

9.2 HIGHBANK STATION

The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal relating to the Highbank Station, in the form specified in Attachment 9.2 and duly executed by Electricity Corporation of New Zealand Limited (ECNZ) and/or the subsidiary of ECNZ which owns the assets comprising the Highbank Station. Te Runanga shall duly execute that deed on, or not later than 5 Business Days after, the Settlement Date.

9.3 MILFORD AIRPORT

The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal relating to the Crown’s assets at Milford Airport, in the form specified in Attachment 9.3 and duly executed by the Crown. Te Runanga shall duly execute that deed on, or not later than 5 Business Days after, the Settlement Date.

9.4 CHRISTCHURCH INTERNATIONAL AIRPORT LIMITED

„ori11The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal over the Crown’s shares in Christchurch International Airport Limited, in the form specified in Attachment 9.4 and duly executed by the persons who hold those shares on behalf of the Crown. Te Runanga shall duly execute that deed on, or not later than 5 Business Days after, the Settlement Date.

9.5 DUNEDIN AIRPORT LIMITED

The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal over the Crown’s shares in Dunedin Airport Limited, in the form specified in Attachment 9.5 and duly executed by the persons who hold those shares on behalf of the Crown. Te Runanga shall duly execute that deed on, or not later than 5 Business Days after, the Settlement Date.

9.6 INVERCARGILL AIRPORT LIMITED

The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal over the Crown’s shares in Invercargill Airport Limited, in the form specified in Attachment 9.6 and duly executed by the persons who hold those shares on behalf of the Crown. Te Runanga shall duly execute that deed on, or not later than 5 Business Days after, the Settlement Date.

9.7 TIMBERLANDS WEST COAST LIMITED

The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal over the Crown’s shares in Timberlands West Coast Limited, in the form specified in Attachment 9.7 and duly executed by the persons who hold those shares on behalf of the Crown. Te Runanga shall execute that deed on, or not later than 5 Business Days after, the Settlement Date.

9.8 CROWN FORESTRY ASSETS

The Crown shall, on the Settlement Date, deliver to Te Runanga a Deed of Grant of Right of First Refusal over certain Crown forestry assets, in the form specified in Attachment 9.8 and duly executed by the Crown. Te Runanga shall execute that deed on, or not later than 5 Business Days after, the Settlement Date.

SECTION 9 : RIGHTS OF FIRST REFUSAL

SECTION 9.1 : RELEVANT CROWN LAND

9.2 HIGHBANK STATION

9.3 MILFORD AIRPORT

9.4 CHRISTCHURCH INTERNATIONAL AIRPORT LIMITED

9.5 DUNEDIN AIRPORT LIMITED

9.6 INVERCARGILL AIRPORT LIMITED

9.7 TIMBERLANDS WEST COAST LIMITED

9.8 CROWN FORESTRY ASSETS

ATTACHMENT 9.1 PROVISION IN SETTLEMENT LEGISLATION
(Clause 9.1)

ATTACHMENT 9.2 DEED OF GRANT OF RIGHT OF FIRST REFUSAL RELATING TO HIGHBANK STATION
(Clause 9.2)

ATTACHMENT 9.3 DEED OF GRANT OF RIGHT OF FIRST REFUSAL RELATING TO MILFORD AIRPORT
(Clause 9.3)

ATTACHMENT 9.4 DEED OF GRANT OF RIGHT OF FIRST REFUSAL RELATING TO CHRISTCHURCH INTERNATIONAL AIRPORT LIMITED
(Clause 9.4)

ATTACHMENT 9.5 DEED OF GRANT OF RIGHT OF FIRST REFUSAL RELATING TO DUNEDIN AIRPORT LIMITED
(Clause 9.5)

ATTACHMENT 9.6 DEED OF GRANT OF RIGHT OF FIRST REFUSAL RELATING TO INVERCARGILL AIRPORT LIMITED
(Clause 9.6)

ATTACHMENT 9.7 DEED OF GRANT OF RIGHT OF FIRST REFUSAL RELATING TO TIMBERLANDS WEST COAST LIMITED
(Clause 9.7)

ATTACHMENT 9.8 DEED OF GRANT OF RIGHT OF FIRST
REFUSAL RELATING TO CROWN FORESTRY ASSETS

(Clause 9.8)

 


 

 

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