Common use of Licensed Application Clause in Contracts

Licensed Application. Access to ▇▇▇▇▇▇ Mae's application known as Servicing Marketplace (the “Licensed Application”) is licensed pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated. As of the effective date of this Schedule, Servicing Marketplace: (i) is integrated with ▇▇▇▇▇▇ Mae’s Pricing & Execution–Whole Loan® (“▇▇-▇▇”) technology; (ii) provides Licensee the opportunity to submit and manage its SRP Schedules relating to the purchase of Servicing on loans being committed to ▇▇▇▇▇▇ ▇▇▇ via ▇▇-▇▇; and (iii) permits a Lender to arrange for the sale of such Servicing to a servicer such as Licensee concurrently with the Lender’s sale of the committed loan to ▇▇▇▇▇▇ Mae.

Licensed Application. Access to ▇▇▇▇▇▇ Fannie Mae's application known as Servicing Marketplace (the “Licensed Application”) is licensed pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae ▇▇▇ and Licensee (the “Master Terms”) into which this Schedule is incorporated. As of the effective date of this Schedule, Servicing Marketplace: (i) is integrated with ▇▇▇▇▇▇ Fannie Mae’s Pricing & Execution–Whole Loan® (“▇▇-▇▇”) technology; (ii) provides Licensee the opportunity to submit and manage its SRP Schedules relating to the purchase of Servicing on loans being committed to ▇▇▇▇▇▇ ▇▇▇ via ▇▇-▇▇; and (iii) permits a Lender to arrange for the sale of such Servicing to a servicer such as Licensee concurrently with the Lender’s sale of the committed loan to ▇▇▇▇▇▇ Mae▇▇▇.