Common use of Hedging Clause in Contracts

Hedging. Seller has entered into Interest Rate Protection Agreements or other arrangements with respect to the Purchased Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with the terms of Seller’s hedging program and has notified Administrative Agent of the terms of such Interest Rate Protection Agreements or other arrangements in writing.

Hedging. Seller has entered into Interest Rate Protection Agreements or other arrangements with respect to the Purchased Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with acceptable to Buyer in its sole discretion. In the terms of Seller’s hedging program and has notified Administrative Agent of the terms of such event that Seller intends to make any change to its policy regarding Interest Rate Protection Agreements or other arrangements Agreements, Seller shall notify Buyer in writingwriting 30 days prior to implementing any such change.

Hedging. Seller has entered into Interest Rate Protection Agreements or other arrangements with respect to the Purchased Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with its hedging policy which policy shall be acceptable to Buyer in its sole discretion. In the terms of Seller’s event that Seller intends to make any change to its hedging program and has notified Administrative Agent of the terms of such policy as it relates to Interest Rate Protection Agreements or other arrangements Agreements, Seller shall notify Buyer in writingwriting 30 days prior to implementing any such change.

Hedging. Seller has entered into Interest Rate Protection Agreements or other arrangements with respect to the Purchased Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with acceptable to Buyer in its sole discretion. In the terms of Seller’s hedging program and has notified Administrative Agent of the terms of such event that Seller intends to make any change to its policy regarding Interest Rate Protection Agreements or other arrangements Agreements, Seller shall notify Buyer in writingwriting 30 days prior to implementing any such change.

Hedging. Seller has entered into Interest Rate Protection Agreements or other arrangements with respect to the Purchased Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with the terms of Seller’s hedging program and has notified acceptable to Administrative Agent of in its sole discretion. In the terms of such event that Seller intends to make any change to its policy regarding Interest Rate Protection Agreements or other arrangements Agreements, Seller shall notify Administrative Agent in writingwriting thirty (30) days prior to implementing any such change.