Total debt payments definition
Total debt payments means 1/12 of an applicant’s monthly [annual] housing expense and monthly repayments required on debts with 13 or more remaining monthly payments due at the time of application for a home improvement loan pro- gram loan. “Total debt payments” includes 5% of the applicant’s total indebtedness on which regular monthly payments are not required except when the applicant has sufficient verified assets to repay the indebtedness.
Total debt payments means and includes all cash actually expended by Parent and its Subsidiaries to make (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Term Loan A and the Term Loan B, plus (c) payments on any Capital Lease, plus (d) interest and principal payments to any Person other than a Loan Party with respect to any other Indebtedness for borrowed money.
Total debt payments means and include all cash actually expended by Borrowers on a Consolidated Basis to make (a) required principal and interest payments on any Advances hereunder, plus, (b) without duplication, payments for all fees, commissions and charges set forth herein and in the Fee Letter and with respect to any Advances plus (c), capitalized lease payments, plus, (d) payments with respect to any other Indebtedness for borrowed money.