Common use of Licensed Application Clause in Contracts

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee the application known as “Lender Record Information (Form 582)” (the “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, the Licensed Application provides certain lender certification reporting functionality, including the ability to submit electronically required annual lender reports (Form 582) to ▇▇▇▇▇▇ ▇▇▇.