Common use of FIFO Clause in Contracts

FIFO. Except to the extent that the related Designated Servicing Agreement explicitly prohibits such reimbursement (i) any Advance Reimbursement Amounts with respect to any serviced mortgage loan shall be allocated to outstanding Advances made with respect to such mortgage loan on a on a “first in, first out” (“FIFO”) and (ii) if expressly requested, the Servicer shall provide to the Indenture Trustee or the Administrator loan by loan information with respect to each Advance Reimbursement Amount to enable such Person to make the FIFO allocation of each Advance Reimbursement Amount with respect to any applicable mortgage loan.

FIFO. Except to the extent that the related Designated Servicing Agreement explicitly prohibits such reimbursement (i) any Advance Reimbursement Amounts with respect to any serviced mortgage loan shall be allocated to outstanding Advances made with respect to such mortgage loan on a on a “first in, first out” (“FIFO”) and (ii) if expressly requested, the applicable Servicer shall provide to the Indenture Trustee or the Administrator loan by loan information with respect to each Advance Reimbursement Amount to enable such Person to make the FIFO allocation of each Advance Reimbursement Amount with respect to any applicable mortgage loan.