Utility Money Pool definition

Utility Money Pool means the cash management program of the Parent and the Utilities known as the "Utility Money Pool" that is described in the Post-Effective Amendment No. 4 to Form U-1 Application or Declaration (File No. 70-10052) filed, pursuant to PUHCA, with the Securities and Exchange Commission on December 12, 2002.
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Utility Money Pool means that certain AEP System Amended and Restated Utility Money Pool Agreement, dated as of December 9, 2004, by and among Parent, AEP Texas, Inc., American Electric Power Service Corporation, AEP Utility Funding LLC and certain of the direct or indirect subsidiaries of Parent, as amended, restated or modified from time to time.
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Utility Money Pool means the "Utility Money Pool" as defined in the Utility Money Pool Agreement dated as of January 3, 2006 among SCANA, SCANA Services, Inc. and the utility subsidiaries of SCANA which are parties thereto, as such agreement may be amended, supplemented or modified from time to time.
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Examples of Utility Money Pool in a sentence

  • All loans made through the Utility Money Pool may be prepaid by the borrower without premium or penalty.

  • Each Subsidiary receiving a loan from the Utility Money Pool hereunder shall repay the principal amount of such loan, together with all interest accrued thereon, on demand and in any event within 365 days of the date on which such loan was made.

  • The cost of compensating balances and fees paid to banks to maintain credit lines by Parties lending External Funds to the Utility Money Pool shall initially be paid by the Party maintaining such line.

  • Loans to the Subsidiaries from the Utility Money Pool shall be made as open-account advances, pursuant to the terms of this agreement.

  • A portion of such costs shall be retroactively allocated every month to the Subsidiaries borrowing such External Funds through the Utility Money Pool in proportion to their respective daily outstanding borrowings of such External Funds.

  • The interest income and other investment income earned by the Utility Money Pool on loans and investment of surplus funds will be allocated among the Parties in accordance with the proportion each Party's contribution of funds in the Utility Money Pool bears to the total amount of funds in the Utility Money Pool and the cost of any External Funds provided to the Utility Money Pool by such Party.

  • Each Party will determine each day, on the basis of cash flow projections and other relevant factors, in such Party's sole discretion, the amount of funds it has available for contribution to the Utility Money Pool, and will contribute such funds to the Utility Money Pool.

  • No Party shall be required to effect a borrowing through the Utility Money Pool if such Party determines that it can (and is authorized to) effect such borrowing at lower cost directly from banks or through the sale of its own commercial paper.

  • The determination of whether a Party at any time has surplus funds to lend to the Utility Money Pool or shall lend funds to the Utility Money Pool will be made by such Party's chief financial officer or treasurer, or by a designee thereof, on the basis of cash flow projections and other relevant factors, in such Party's sole discretion.

  • A portion of such costs shall be retroactively allocated every month to the Parties borrowing such External Funds through the Utility Money Pool in proportion to their respective daily outstanding borrowings of such External Funds.