To CB. T's knowledge, neither the execution and delivery of the Sale and Purchase Agreement, and the Assignment and Assumption Agreement and Interim Servicing Agreement referred to therein, by CB&T nor the consummation of the transactions contemplated thereby by CB&T will (i) conflict with, result in the breach of, constitute a default under, or accelerate the performance required by, the terms of any order, law, regulation, contract, instrument or commitment to which CB&T is a party or by which CB&T is bound, (ii) violate the organizational document of CB&T, (iii) require any consent, approval, authorization or filing (other than UCC filings) under any law, regulation, judgment, order, writ, decree, permit or license to which CB&T is a party or by which CB&T is bound, or (iv) require the consent or approval of any other party to any contract, instrument or commitment to which CB&T is a party or by which CB&T is bound, other than the approvals of regulatory authorities, if any, which have been obtained or will be obtained prior to or on the Closing Date of the Sale and Purchase Agreement. To CB&T's knowledge, CB&T is not subject to any agreement or understanding with any regulatory authority which would prevent the consummation by CB&T of the transactions contemplated by the Sale and Purchase Agreement and the Assignment and Assumption Agreement and Interim Servicing Agreement referred to therein.
