None of the issuance, delivery or sale of the Class C Re-REMIC Security, the consummation of any other of the transactions contemplated herein, or the execution and delivery of the Transaction Documents by it, nor compliance with the provisions of the Transaction Documents, does or will conflict with or result in the breach of any material term or provision of the certificate of formation or the organizational documents of it, and it is not in breach or violation of or in default (nor has an event occurred which with notice or lapse of time or both would constitute a default) under the terms of (A) any indenture, contract, lease, mortgage, deed of trust, note, agreement or other evidence of indebtedness or other agreement, obligation or instrument to which it is a party or by which it or its properties are bound, or (B) any law, decree, order, rule or regulation applicable to it of any court or supervisory, regulatory, administrative or governmental agency, body or authority, or arbitrator having jurisdiction over it, or its properties, in each case the default, breach or violation of which would have a material adverse effect on the Seller or on the ability of the Seller to perform its obligations under the Transaction Documents to which it is a party; and none of the consummation of any other of the transactions contemplated herein, or the compliance with the provisions of the Transaction Documents will result in such a default, breach or violation or which would have such a material adverse effect. The Seller is in compliance with all applicable provisions of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder, any applicable anti-money laundering statutes, including the Bank Secrecy Act, as amended by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 and regulations administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury.