Common use of Securities Documents; Financial Statements; Statements True Clause in Contracts

Securities Documents; Financial Statements; Statements True. (a) BB&T has timely filed all Securities Documents required by the Securities Laws to be filed since December 31, 1996. As of their respective dates of filing, such Securities Documents complied with the Securities Laws as then in effect, and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. (b) The Financial Statements of BB&T fairly present or will fairly present, as the case may be, the consolidated financial position of BB&T and its Subsidiaries as of the dates indicated and the consolidated statements of income and retained earnings, changes in shareholders' equity and statements of cash flows for the periods then ended (subject in the case of unaudited interim statements, to the absence of notes and to normal year-end audit adjustments that are not material in amount or effect) in conformity with GAAP applied on a consistent basis. (c) No statement, certificate, instrument or other writing furnished or to be furnished hereunder by BB&T or any other BB&T Subsidiary to One Valley contains or will contain any untrue or misleading statement of material fact.

Securities Documents; Financial Statements; Statements True. (a) BB&T has timely filed all Securities Documents required by the Securities Laws to be filed since December 31, 1996. As of their respective dates of filing, such Securities Documents complied with the Securities Laws as then in effect, and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. (b) The Financial Statements of BB&T fairly present or will fairly present, as the case may be, the consolidated financial position of BB&T and its the BB&T Subsidiaries as of the dates indicated and the consolidated statements of income and retained earningsincome, changes in shareholders' equity and statements of cash flows for the periods then ended (subject subject, in the case of unaudited interim statements, to the absence of notes and to normal year-end audit adjustments that are not material in amount or effect) in conformity with GAAP applied on a consistent basis. (c) No statement, certificate, instrument or other writing furnished or to be furnished hereunder by BB&T or any other BB&T Subsidiary to One Valley FirstSpartan contains or will contain any untrue or misleading statement of material factfact or will omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

Securities Documents; Financial Statements; Statements True. (a) BB&T has timely filed all Securities Documents required by the Securities Laws to be filed since December 31, 19961998. As of their respective dates of filing, such Securities Documents complied with the Securities Laws as then in effect, and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. (b) The Financial Statements of BB&T fairly present or will fairly present, as the case may be, the consolidated financial position of BB&T and its Subsidiaries as of the dates indicated and the consolidated statements of income and retained earningsincome, changes in shareholders' equity and statements of cash flows for the periods then ended (subject in the case of unaudited interim statements, to the absence of notes and to normal year-end audit adjustments that are not material in amount or effect) in conformity with GAAP applied on a consistent basis. (c) No statement, certificate, instrument or other writing furnished or to be furnished hereunder by BB&T or any other BB&T Subsidiary to One Valley FloridaFirst contains or will contain any untrue or misleading statement of material factfact or will omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

Securities Documents; Financial Statements; Statements True. (a) BB&T has timely filed all Securities Documents required by the Securities Laws to be filed since December 31, 19961997. As of their respective dates of filing, such Securities Documents complied with the Securities Laws as then in effect, and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. (b) The Financial Statements of BB&T fairly present or will fairly present, as the case may be, the consolidated financial position of BB&T and its the BB&T Subsidiaries as of the dates indicated and the consolidated statements of income and retained earningsincome, changes in shareholders' equity and statements of cash flows for the periods then ended (subject subject, in the case of unaudited interim statements, to the absence of notes and to normal year-end audit adjustments that are not material in amount or effect) in conformity with GAAP applied on a consistent basis. (c) No statement, certificate, instrument or other writing furnished or to be furnished hereunder by BB&T or any other BB&T Subsidiary to One Valley Virginia Capital contains or will contain any untrue or misleading statement of material factfact or will omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.