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.
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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.
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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.
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Examples of Total debt payments in a sentence

  • Total debt payments consist of all monthly installment debt, revolving debt, child support and maintenance, including the monthly debt service for the requested loan.

  • Total debt payments no more than 45 percent of household income (“Back End Ratio”).

  • Total debt payments for the quarter and year to date October 2, 2010 results were $19.2 million and $36.2 million.

  • Affordable Housing Costs (“Front End Ratio”).▪ Total debt payments no more than 45 percent of household income (“Back End Ratio”).▪ No “teaser” rates; and,▪ No non-occupant co-borrowers.

  • Total 2013 waterworks revenue (including sewer): $819,637 Total 2013 waterworks expense (including sewer): $651,074 Total debt payments on waterworks infrastructure: $ 0 Revenue to expense ratio: 1.26Ratio indicates that waterworks revenue covers 26% more than the waterworks expense in 2013.

Related to Total debt payments

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date to (b) Consolidated Interest Charges for such period.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Interest Expense means, with reference to any period, the sum of all interest charges (including imputed interest charges with respect to Capitalized Lease Obligations and all amortization of debt discount and expense) of the Borrower and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.