Hedging Obligations. The Company will not, nor will it permit any Subsidiary to, enter into any Hedging Arrangement other than Hedging Arrangements entered into by the Company or such Subsidiary pursuant to which the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign currency or commodity exposure and which are non-speculative in nature.

Hedging. ​ shall hedge all Purchased Assets in accordance with ​’s hedging policies. Unless otherwise requested by ​, ​ shall deliver to ​ once per week, a hedging report, in a form reasonably satisfactory to ​. ​ shall # review the hedging policies periodically to confirm that they are being complied with in all material respects and are adequate to meet ​’s business objectives and # in the event ​ makes any material amendment or modification to the hedging policies, ​ shall within ten (10) days of such material amendment or modification, deliver to ​ a complete copy of the amended or modified hedging policies. Additionally, ​ may in its reasonable discretion request a current copy of ​’s hedging policies at any time.

Hedging Transactions. The Lender shall not engage in any hedging transaction with respectto the Exchange Securities before the distribution compliance period expires unless in compliance with the Securities Act.

Hedging Agreements Enter into any Hedging Agreement, except to hedge risks arising in the Ordinary Course of Business and not for speculative purposes

Shorting and Hedging. ​ may not engage in any “shorting” or “hedging” transaction(s) in the Common Stock of ​ prior to conversion.

Interest Rate Hedging. ​ shall at all times hedge against the interest rate risk associated with any and all Mortgage Loans owned in whole or in part by ​, as may be reasonably required by ​ from time to time.

Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes) and Permitted Bank Product Obligations;

“Hedging Obligations” shall mean obligations under or with respect to Hedging Agreements.

Indebtedness constituting Hedging Obligations entered into in the ordinary course of business and not for speculative purposes; provided that if such Hedging Obligations arise under Hedging Agreements that are designed to protect against fluctuations in interest rates # such Hedging Obligations relate to Indebtedness for borrowed money otherwise permitted to be incurred by the Loan Documents and # the notional principal amount of such Hedging Obligations at the time incurred does not exceed the principal amount of the Indebtedness to which such Hedging Obligations relate;

Hedging or Derivative Transactions. You agree that during any period in which the Restricted Stock Units remain payable, you will not engage in any hedging or derivative transactions involving ​ common stock in violation of the ​ Code of Conduct that would undermine the performance incentives created by the Award.