Document:

AMENDMENT NUMBER ONE

to the

 

POOLING AND SERVICING AGREEMENTS

Series 2005-HE3, Dated as of March 1, 2005

Series 2005-AQ1, Dated as of April 1, 2005

Series 2005-HE4, Dated as of April 1, 2005

Series 2005-TC1, Dated as of May 1, 2005

Series 2005-HE5, Dated as of May 1, 2005

 

among

BEAR STEARNS ASSET BACKED SECURITIES I LLC, as Depositor

EMC MORTGAGE CORPORATION, as a Seller and as Master Servicer

and

LASALLE BANK NATIONAL ASSOCIATION, as Trustee

This AMENDMENT NUMBER ONE is made and entered into this 9th day of August 2005, by and among BEAR STEARNS ASSET BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor (the “Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as seller (in such capacity, the “Seller”) and as master servicer (in such capacity, the “Master Servicer”) and LASALLE BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as trustee (the “Trustee”), in connection with the Pooling and Servicing Agreements dated as of the dates mentioned above, among the above mentioned parties (the “Agreements”), and the issuance of Asset-Backed Certificates, Series 2005-HE3, Series 2005-AQ1, Series 2005-HE4, Series 2005-TC1 and Series 2005-HE5. This amendment is made pursuant to Section 11.01 of the Agreements.

1.          Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Agreements.

2.         The definition of Special Servicer Trigger in Section 1.01 of the Agreements shall be amended by deleting the definition in its entirety and replacing it with the following:

 

Special Servicer Trigger:  With respect to any Distribution Date, a Special Servicer Trigger shall have occurred and be continuing if at any time, (x) the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more Delinquent and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Due Period exceeds (y) the percentage set forth in Exhibit N for such Distribution Date.

 

 

 

3.          Except as amended above, the Agreements shall continue to be in full force and effect in accordance with their terms.

 

 

IN WITNESS WHEREOF, the Depositor, the Master Servicer, the Seller and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.

 

	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            BEAR STEARNS ASSET BACKED 
 SECURITIES I LLC
                 as Depositor
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            By:
 	
            
/s/ Baron Silverstein
 
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            Name:
 	
            Baron Silverstein
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            Title:
 	
            Vice President
 
																

 

	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            EMC MORTGAGE CORPORATION
                 as Seller and Master Servicer
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            By:
 	
            
/s/ Sue Stepanek
 
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            Name:
 	
            Sue Stepanek
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            Title:
 	
            Executive Vice President
 
																

 

	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            LASALLE BANK NATIONAL 
 ASSOCIATION
                 as Trustee
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            By:
 	
            
/s/ Christopher Lewis
 
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            Name:
 	
            Christopher Lewis
 
	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
             
 	
            Title:
 	
            Assistant Vice Presidentexv4w03

 

EXHIBIT 4.03

AMENDMENT TO INDENTURE

     AMENDMENT TO INDENTURE, dated as of July 14, 2005, by and between Flextronics
International Ltd., a Singapore corporation (the “Company”) and J.P. Morgan Trust Company, National
Association, as Trustee.

WITNESSETH:

     WHEREAS, the Company and the Trustee entered into the Indenture, dated as of May 8, 2003 (the
“Indenture”), relating to the Company’s 6-1/2% Senior Subordinated Notes due 2013;

     WHEREAS, pursuant to Section 9.01(a) of the Indenture, the Company and the Trustee desire to
amend the Indenture to cure an omission in the Indenture;

     WHEREAS, the Company has satisfied all the conditions set forth in Article 9 and Sections
11.04 and 11.05 of the Indenture necessary for the execution and delivery of this Amendment to
Indenture; and

     WHEREAS, pursuant to Section 9.06 of the Indenture, the Trustee is authorized to execute and
deliver this Amendment to Indenture.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and
intending to be legally bound, the parties to this Amendment to Indenture hereby agree as follows:

SECTION 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein
are used as defined in the Indenture.

SECTION 2. Amendment to Indenture. The Indenture is hereby amended to cure an omission in
the definition of “Pari Passu Debt” in Section 1.01 of the Indenture, so that such definition shall
be and read as follows:

“Pari
Passu Debt” shall mean (i) any Debt of the Company that
is pari passu in right of payment to the Notes,
including the Company’s 9-3/4% Senior Subordinated Notes due
2010, the Company’s 9-7/8% Senior Subordinated Notes due
2010 and the Company’s 8-3/4% Senior Subordinated Notes due
2007 and (ii) with respect to any Guarantee of the Notes,
Debt which ranks pari passu in right of payment to such
Guarantee.

SECTION 3. Indenture Ratified. Except as hereby otherwise expressly provided, the
Indenture is in all respects ratified and confirmed, and all the terms, provisions, and conditions
thereof shall be and remain in full force and effect.

SECTION 4. Counterparts. This Amendment to Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute
but one and the same instrument.

 

 

SECTION 5. Incorporation of Indenture. All the provisions of this Amendment to Indenture
shall be deemed to be incorporated in, and made a part of, the Indenture; and the Indenture, as
amended by this Amendment to Indenture, shall be read, taken and construed as one and the same
instrument.

SECTION 6. Governing Law. This Amendment to Indenture shall be governed by and construed
in accordance with the laws of the State of New York.

SECTION 7. References to Amendment to Indenture. Any and all notices, requests,
certificates and other instruments executed and delivered after the execution and delivery of this
Amendment to Indenture may refer to the Indenture without making specific reference to this
Amendment to Indenture, but nevertheless all such references shall include this Amendment to
Indenture unless the context otherwise requires.

SECTION 8. Severability. In the event that any provisions of this Amendment to Indenture
shall be invalid, illegal, or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

SECTION 9. Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with any provision of the Trust Indenture Act of 1939 required under the Trust Indenture Act of
1939 to be a part of and govern this Amendment to Indenture, the provision of the Trust Indenture
Act of 1939 shall control. If any provision hereof modifies or excludes any provision of the Trust
Indenture Act of 1939 that pursuant to the Trust Indenture Act of 1939 may be so modified or
excluded, the provisions of the Trust Indenture Act of 1939 as so modified or excluded hereby shall
apply.

SECTION 10. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or adequacy of this Amendment to Indenture or the recitals contained herein.

SECTION 11. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

SECTION 12. Effectiveness. This Amendment to Indenture is intended to cure an omission in
the Indenture and shall be effective in all respects as of the original date of the Indenture.

[Remainder of Page Left Blank Intentionally]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Indenture to be duly
executed as of the date first stated above.

	 	 	 	 	 
	 	FLEXTRONICS INTERNATIONAL LTD.

 	 
	 	By:  	/s/ Thomas J. Smach
 	 
	 	Name:  	Thomas J. Smach 	 
	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Mary Jane Henson
 	 
	 	Name:  	Mary Jane Henson 	 
	 	Title:  	Vice President 	 
	 

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