Updated 18/09/2024
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Article 10 - Annual financial commitments

Article 10

Annual financial commitments

The annual financial commitments referred to in the formula laid down in Article 7 shall include all the expenditures for which a non-sophisticated investor has undertaken a commitment in relation to a given calendar year, including:

(a)

alimony and child support payments;

(b)

rent and mortgage payments;

(c)

repayments of loans;

(d)

payments of insurance premiums;

(e)

utilities expenses payments, including those made to cover electricity, heating and water expenses;

(f)

service subscription payments;

(g)

income tax and property taxes.