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CWABS, INC.POOLING AND SERVICING AGREEMENT

Pooling and Servicing Agreement

CWABS, INC.POOLING AND SERVICING AGREEMENT | Document Parties: CWABS INC ASSET BACKED CE | THE BANK OF NEW YORK | COUNTRYWIDE HOME LOANS SERVICING LP, You are currently viewing:
This Pooling and Servicing Agreement involves

CWABS INC ASSET BACKED CE | THE BANK OF NEW YORK | COUNTRYWIDE HOME LOANS SERVICING LP,

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Title: CWABS, INC.POOLING AND SERVICING AGREEMENT
Date: 8/26/2004

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                                  CWABS, INC.,

 

                                    Depositor

 

                          COUNTRYWIDE HOME LOANS, INC.,

 

                                     Seller

 

                      COUNTRYWIDE HOME LOANS SERVICING LP,

 

                                 Master Servicer

 

                                       and

 

                              THE BANK OF NEW YORK,

 

                                     Trustee

 

 

                     ______________________________________

 

                 AMENDMENT NO. 1 dated as of August 18, 2004 to

 

                         POOLING AND SERVICING AGREEMENT

 

                          Dated as of November 1, 2003

                     ______________________________________

 

 

                    ASSET-BACKED CERTIFICATES, SERIES 2003-SC1

 

 

 

 

 

 

 

 

<PAGE>

 

 

         AMENDMENT NO. 1 made as of this 18th day of August 2004, by and among

CWABS, INC., a Delaware corporation, as depositor (the "Depositor"), COUNTRYWIDE

HOME LOANS, INC., a New York corporation, as seller (the "Seller"), COUNTRYWIDE

HOME LOANS SERVICING LP, a Texas limited partnership, as master servicer (the

"Master Servicer") and The Bank of New York, a New York banking corporation, as

trustee (the "Trustee").

 

                                W I T N E S S E T H

 

         WHEREAS, the Depositor, the Seller, the Master Servicer and the Trustee

entered into a POOLING AND SERVICING AGREEMENT, dated as of November 1, 2003

(the "Agreement"); and

 

         WHEREAS, the Depositor, the Seller, the Master Servicer and the Trustee

desire to amend the terms of the Agreement pursuant to and in accordance with

Section 10.01 of the Agreement.

 

         NOW, THEREFORE, in consideration of the mutual premises and agreements

herein, the Depositor, the Seller, the Master Servicer and the Trustee agree as

follows:

 

         1. Capitalized terms used herein and not defined herein shall have the

meanings assigned to such terms in the Agreement.

 

         2. Section 1.01 of the Agreement is hereby amended by adding the

following definitions:

 

         CALENDAR QUARTER: For any calendar year, January 1 to March 31, April 1

to June 30, July 1 to September 30, or October 1 to December 31.

 

         FAIR MARKET VALUE: With respect to any Mortgage Loan purchased by the

Master Servicer pursuant to Section 3.12(d), the fair market value thereof


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