vesting contract definition
vesting contract means a contract or other financial arrangement between a Market Support Services Licensee and a Generation Licensee in a form approved by, and designated as a vesting contract by, the Authority; and
vesting contract means a contract or other financial arrangement between the National Transmission Company South Africa SOC Ltd and an Eskom generator or a distribution licensee, as the case requires, for the sale of a specified amount of electricity at a price determined by the Regulator as a mechanism to facilitate the transition to a competitive market.’’
vesting contract. MEANS AN AGREEMENT entered into between any two of the following: