Ineligible Advance definition
Ineligible Advance means any Advance that is related to a Portfolio Mortgage Loan in an MBS with any of the designations set forth in Schedule 3 hereto, which may be updated from time to time with the consent of the Administrative Agent and the Administrator.
Ineligible Advance means any Servicing Advance that (i) is related to a Portfolio Mortgage Loan with any of the designations set forth in Schedule 4 hereto, which may be updated from time to time with the consent of the Administrative Agent and the Administrator or (ii) is identified on the books and records of the Servicer as recoverable from an entity or source other than the related mortgagor or Liquidation Proceeds, FHA Claim Proceeds, USDA Claim Proceeds, PIH Claim Proceeds or VA Claim Proceeds, as applicable.
Ineligible Advance. As defined in the related Indenture Supplement.