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.
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Samples: Factoring Agreement, Factoring Agreement (Constellium Holdco B.V.), Factoring Agreement (Constellium Holdco B.V.)
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, the Specific Reserve and the Specific ReserveReserves referred to in Clause 8.5.3 (as the case may be); and
(b) the Non-Financeable Amounts that the Factor has elected, in its absolute discretion, to convert into Financeable Amounts.
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