Common use of Reimbursement of Advances Clause in Contracts

Reimbursement of Advances. The Servicer shall reimburse all Advances on a “FIFO” basis, regardless of whether the related Servicing Agreement includes FIFO Provisions, across the Servicer’s servicing portfolio. The Servicer believes this practice is industry standard and part of Accepted Servicing Practices (as such term is defined in the Designated Servicing Agreements).

Reimbursement of Advances. The Servicer shall reimburse all Advances on a “FIFO” basis, regardless of whether the related Servicing Agreement includes FIFO Provisions, across the Servicer’s servicing portfolio. The Servicer believes this practice is industry standard and part of Accepted Servicing Practices (as such term is defined in the Designated Servicing Agreements).