Money Pool definition

Money Pool means a pool of funds administered by ESI, as agent for the Participants, consisting solely of available cash from the treasuries of the Participants, which will be loaned on a short-term basis to one or more of the Participants or otherwise invested by ESI, as agent, in the Money Pool Portfolio in the manner described in Section 2.08 hereof.

Money Pool has the meaning set forth in Section 5.01(i).

Money Pool means an inter-company lending arrangement whereby depository, surplus cash funds are loaned or borrowed by an electric or gas public utility or other utility within the public utility holding company system to meet short-term (under 365 days) operating cash requirements.

Examples of Money Pool in a sentence

• The corporate borrowing program includes a Utility Money Pool, which funds AEP’s utility subsidiaries.

• The AEP System Utility Money Pool operates in accordance with the terms and conditions of the AEP System Utility Money Pool agreement filed with the FERC.

• Notwithstanding the foregoing, none of the Parent Borrower or its Restricted Subsidiaries will be required to permit examinations or copies or abstracts of any records in respect to which the disclosure of such records is prohibited by Applicable Law or binding agreement or subject to attorney-client privilege or constitutes attorney-work product.

• The amount of each loan made by a Participant to the Borrower through the Money Pool, and the amount of each payment of principal by the Borrower to a Participant, shall be evidenced and determined by reference to the appropriate accounting and computer records maintained by the Agent, as administrator of the Money Pool.

• As used herein, the term "Daily Weighted Average Investment Rate", as applied to any day, shall be calculated by multiplying (A) the aggregate of the total daily interest payable on all investments in the Money Pool portfolio outstanding as of such day by (B) 360, and dividing the product thereof by the total amount invested in the Money Pool portfolio as of such day.

More Definitions of Money Pool

Money Pool. ’ means a financial arrangement established by a parent com- pany or holding company of a regulated utility, including a gas company, and administered by such parent company or a centralized service company affiliate, to

Money Pool means those financial arrangements authorized among the Company and certain of its Restricted Subsidiaries authorizing inter-company based loans pursuant to the authorization of and restrictions of the SEC.

Money Pool means a financial arrangement established by a parent company or holding company of a regulated utility, including a gas company, and administered by such

Money Pool shall have the meaning provided in the Texas Genco Money Pool Agreement, dated as of October 22, 2003, among CenterPoint Energy and certain of its direct and indirect subsidiaries, as in effect on the Effective Date, as may be amended from time to time.

Money Pool means the agreement or arrangement established by the ---------- Energy Group in accordance with the Securities and Exchange Commission's order dated December 12, 2000, for the intrasystem lending of funds among the members of the Energy Group.

Money Pool means a financial arrangement established by a parent company or holding company of a regulated utility, including a gas company, and administered by such parent company or a centralized service company affiliate, to (A) establish a general purpose fund into which a member thereof may lend or borrow funds through the money pool on a short-term basis to or from affiliates, and/or (B) facilitate favorable interest rates for short- term borrowings or lending by affiliates who are members of the money pool;

Money Pool the New England Electric System Money Pool.