(1) In this order, unless the context otherwise requires,—
the Board means the Poverty Bay Electric Power Board
the company means Eastland Energy Limited
the Deed of Loan and Subordination means the deed referred to by that name in the establishment plan approved by the Minister in respect of the Board on 25 March 1993
resulting benefit means the advantage to the company of the debt securities referred to in clause 6 remaining interest free, being the amount that would be payable in interest in a financial year if the securities were subject to interest at the average interest rate charged by the company's bankers during that year in respect of fully secured commercial loans to favoured customers
specified objectives means paying for or subsidising the installation or maintenance of electricity reticulation or the supply of electricity in areas that, at the close of 6 May 1993, form part of the district of the Gisborne District Council in cases where the trustees of the Trust, after taking such advice as they think fit, and having regard to the cost of supplying electricity to those areas, are of the opinion that the installation or maintenance of electricity reticulation or the supply of electricity by the company will not provide an acceptable commercial return to the company except at a cost to the consumers in those areas that is excessive having regard to the amounts charged to the majority of consumers who are connected to the company's electricity distribution system and who have similar electricity consumption load profiles
the Trust means the Eastland Energy Community Trust, being the trust referred to by that name in the establishment plan approved by the Minister in respect of the Board on 25 March 1993.
(2) Expressions not defined in this order but defined in the Act have, in this order, the meanings so defined.