Common use of Hedging Program Clause in Contracts

Hedging Program. The Company's Hedging Program represents a --------------- reasonable means for the Company to hedge certain interest rate risks associated with the mortgage banking business, and is a customary and standard Hedging Program comparable to that of other mortgage banking companies. The Company shall not alter or modify its Hedging Program without the consent of the Majority Lenders; provided, however, that consent shall be deemed given to any new Hedging Program proposed in writing by the Company to the Lenders if the Company is not notified of the objection to such new Hedging Program by Lenders holding at least 33.3333% of the Aggregate Percentage Shares within five (5) Business Days of receipt of notice thereof from the Company.

Hedging Program. The Company's Hedging Program --------------- represents a --------------- reasonable means for the Company to hedge certain interest rate risks associated with the mortgage banking business, and is a customary and standard Hedging Program comparable to that of other mortgage banking companies. The Company shall not alter or modify its Hedging Program without the consent of the Majority Lenders; provided, however, that consent shall be deemed given to any new Hedging Program proposed in writing by the Company to the Lenders if the Company is not notified of the objection to such new Hedging Program by Lenders holding at least 33.3333% of the Aggregate Percentage Shares within five (5) Business Days of receipt of notice thereof from the Company.