investments by M/I Financial Corp. in the ordinary course of its business in standard instruments hedging against interest rate risk incurred in the origination and sale of mortgage loans, in each case matching a hedging instrument or instruments to specific mortgages or specific groups of mortgages, but in no event including investments in futures contracts, options contracts or other derivative investment vehicles acquired as independent investments;
Appears in 5 contracts
Samples: Revolving Credit Loan Agreement (M I Schottenstein Homes Inc), Fifth Restated Revolving Credit Loan, Swingline Loan and Standby Letter of Credit Agreement (M I Schottenstein Homes Inc), Revolving Credit Loan Agreement (M I Schottenstein Homes Inc)
investments by M/I Financial Corp. in the ordinary course of its business in standard instruments hedging against interest rate risk incurred in the origination and sale of mortgage loans, in each case matching a hedging instrument or instruments to specific mortgages or specific groups of mortgages, but in no event including investments in futures contracts, options contracts or other derivative investment vehicles acquired as independent investments;; and
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