Net Collectable Value definition
Net Collectable Value is the value of Borrower’s unpaid Eligible Accounts, minus bad debt allowances, contra allowances and other standard ineligibles, as determined by Bank in its sole discretion.
Net Collectable Value is the value of the Third-Party Accounts (but in all cases excluding Eligible Accounts), minus bad debt allowances, contra allowances and other standard ineligibles, as determined by Bank in its sole discretion on a case-by-case basis.