Under Application definition
Under Application means that, with respect to any proposed DUS Program Loans, proposed FHA Construction Mortgage Loans or FHA Permanent Mortgage Loans, or proposed ▇▇▇▇▇▇▇ Mac Program Loans, the applicable Borrower has issued an application to the proposed borrower, such proposed borrower has delivered to the such Borrower an executed application in form and substance acceptable to such Borrower, and such proposed borrower has paid to such Borrower consideration sufficient for such Borrower to proceed with its approval process and due diligence with respect to such proposed DUS Program Loans, proposed FHA Construction Mortgage Loans or FHA Permanent Mortgage Loans, or proposed ▇▇▇▇▇▇▇ Mac Program Loans.