Financeable Amounts Clause Samples

Financeable Amounts. The amounts which may be Financeable (the “Financeable Amounts”) shall correspond to the sum of (without double counting): (a) the amounts of the Approved Receivables, less the amounts of the Holdback Reserve and the Specific Reserve; and (b) the Non-Financeable Amounts that the Factor has elected, in its absolute discretion, to convert into Financeable Amounts.