Common use of Uncovered Losses Clause in Contracts

Uncovered Losses. Losses resulting from a Borrower’s default under an Insured Mortgage that (a) are attributable to Seller’s or the designated servicer’s breach of its representations and warranties made to ▇▇▇▇▇▇▇ Mac or the violation of other provisions of the Purchase Documents relating to the origination, delivery and servicing of the Insured Mortgages, (b) are not approved by ▇▇▇▇▇▇▇ Mac in accordance with Chapter 71 of the Guide and (c) Insurer determines not to cover due to a material misrepresentation made by Seller or the designated servicer, or by the Borrower.