GLOSSARY OF DEFINED TERMS
Set forth below is a list of the defined terms used in this prospectus:
“AEP” means American Electric Power Company, Inc.
“AEP Credit” means AEP Credit, Inc., or its successor.
“AEP Receivables Purchase Agreement” means that certain Fourth Amended and Restated Receivables Purchase Agreement, dated as of June 25, 2014, among AEP Credit, American Electric Power Service Corporation, the Receivables Agent and the other entities party thereto as purchasers, as the same may be amended, supplemented or modified from time to time.
“Bankruptcy Code” means Title 11 of the United States Code, as amended.
“basic documents” means the Administration Agreement, the Sale Agreement, Servicing Agreement, Indenture, Intercreditor Agreement and any supplements thereto or the bill of sale given by the seller and the notes evidencing the Bonds.
“Business day” means any day other than a Saturday, a Sunday or a day on which banking institutions in Ashland, Kentucky, Chicago, Illinois, St. Paul, Minnesota, New York, New York, or Columbus, Ohio are, or DTC or the corporate trust office of the trustee at which the indenture will be administered is, authorized or obligated by law, regulation or executive order to remain closed.
“Charges” or “cost recovery charges” means, with regard to Kentucky Power Company, the amounts authorized to be imposed on all retail customer bills and collected, through a nonbypassable mechanism, by the servicer, to recover qualified costs pursuant to the Financing Order (referred to in the Financing Order as “securitized surcharges”).
“Charge rider” means the Securitized Surcharge Rider (S.S.R.), in the form attached to the Financing Order as Appendix B, filed with the Kentucky Public Service Commission pursuant to the Kentucky Utilities Act to evidence the charges pursuant to the Financing Order.
“Charge rider adjustment” means a revision to the charge rider or any other notice filing filed with the Kentucky Public Service Commission in respect of the charge rider pursuant to a true-up adjustment.
“Clearstream” means Clearstream Banking, Luxembourg, S.A.
“Collection account” means the segregated trust account relating to the Bonds designated the collection account and held by the trustee at U.S. Bank National Association under the indenture.
“Commonwealth” means the Commonwealth of Kentucky.
“Cost Recovery Property” means, with regard to Kentucky Power Company or an issuing entity (such as us), means all “securitized property” (as defined in Section 278.670(19) of the Kentucky Utilities Act) created pursuant to a financing order and sold or otherwise conveyed to us under a sale agreement, including the right to impose, bill, charge, collect, receive, and adjust the charges authorized under such financing order and to obtain periodic adjustments to such charges authorized under the Kentucky Utilities Act as provided in such financing order and all revenues, collections, claims, rights to payments, payments, moneys, or proceeds arising from the rights and interests specified in such financing order, regardless of whether those revenues, collections, claims, rights to payment, payments, moneys, or proceeds are imposed, billed, received, collected, or maintained together with or commingled with other revenues, collections, rights to payment, payments, moneys, or proceeds.
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