______________________________________ AMENDMENT NO. 1 Dated as of June 30, 2005 to POOLING AND SERVICING AGREEMENT Dated as of June 1, 2005 among GREENWICH CAPITAL ACCEPTANCE, INC., Depositor, GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., Seller, WELLS FARGO BANK, N.A., Master Servicer and Securities Administrator, and DEUTSCHE BANK NATIONAL TRUST COMPANY, Trustee and Custodian HarborView Mortgage Loan Trust 2005-7 Mortgage Loan Pass-Through Certificates, Series 2005-7 ______________________________________

EX-4.2 3 m402exhibit42.htm AMENDMENT TO POOLING & SERVICING AGREEMENT m402exhibit42

______________________________________

AMENDMENT NO. 1

Dated as of June 30, 2005

to

POOLING AND SERVICING AGREEMENT

Dated as of June 1, 2005

among

GREENWICH CAPITAL ACCEPTANCE, INC.,

Depositor,

GREENWICH CAPITAL FINANCIAL PRODUCTS, INC.,

Seller,

WELLS FARGO BANK, N.A.,

Master Servicer and Securities Administrator,

and

DEUTSCHE BANK NATIONAL TRUST COMPANY,

Trustee and Custodian


HarborView Mortgage Loan Trust 2005-7

Mortgage Loan Pass-Through Certificates, Series 2005-7

______________________________________


THIS AMENDMENT NO. 1, dated as of June 30, 2005 (the “Amendment”), to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of June 1, 2005, among GREENWICH CAPITAL ACCEPTANCE, INC., a Delaware corporation, as depositor (the “Depositor”), GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., a Delaware corporation, as seller (in such capacity, the “Seller”), WELLS FARGO BANK, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and DEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, as trustee (the “Trustee”).

W I T N E S S E T H

WHEREAS, the Depositor, the Seller, the Master Servicer, the Securities Administrator and the Trustee entered into the Pooling and Servicing Agreement;

WHEREAS, the parties hereto wish to amend the Pooling and Servicing Agreement as set forth herein;

WHEREAS, Section 12.01 of the Pooling and Servicing Agreement permits amendments to the Pooling and Servicing Agreement to conform the terms thereof to the description thereof provided in the Prospectus;

NOW, THEREFORE, the parties hereto hereby agree as follows:

SECTION 1.  

Defined Terms.

For purposes of this Amendment, unless the context clearly requires otherwise, all capitalized terms which are used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Pooling and Servicing Agreement.

SECTION 2.  

Amendments to Article I.

1.

The following definition set forth in Article I of the Pooling and Servicing Agreement is hereby amended and restated:

“Margin”:  On each Distribution Date, (i) with respect to the Class 1-A1 Certificates, 1.850% per annum and (ii) with respect to the Class 1-A2 Certificates, 2.000% per annum.  On each Distribution Date on or prior to the Call Option Date, (i) with respect to the Class 2-A1 Certificates, 0.290% per annum, and on each Distribution Date after the Call Option Date, 0.580% per annum, (ii) with respect to the Class 2-A2A Certificates, 0.300% per annum, and on each Distribution Date after the Call Option Date, 0.600% per annum, (iii) with respect to the Class 2-A2B Certificates, 0.480% per annum, and on each Distribution Date after the Call Option Date, 0.960% per annum, (iv) with respect to the Class 2-B1 Certificates, 0.550% per annum, and on each Distribution Date after the Call Option Date, 0.825% per annum, (v) with respect to the Class 2-B2 Certificates, 0.750% per annum, and on each D istribution Date after the Call Option Date, 1.125% per annum, (vi) with respect to the Class 2-B3 Certificates, 1.550% per annum, and on each Distribution Date after the Call Option Date, 2.325% per annum and (vii) with respect to the Class 2-B4, Class 2-B5 and Class 2-B6 Certificates, 1.750% per annum, and on each Distribution Date after the Call Option Date, 2.625% per annum.  

SECTION 3.  Effect of Amendment.

Upon execution of this Amendment, the Pooling and Servicing Agreement shall be, and be deemed to be, modified and amended in accordance herewith and the respective rights, limitations, obligations, duties, liabilities and immunities of the Depositor, Seller, the Master Servicer, the Securities Administrator and the Trustee shall hereafter be determined, exercised and enforced subject in all respects to such modifications and amendments, and all the terms and conditions of this Amendment shall be deemed to be part of the terms and conditions of the Pooling and Servicing Agreement for any and all purposes.  Except as modified and expressly amended by this Amendment, the Pooling and Servicing Agreement is in all respects ratified and confirmed, and all the terms, provisions and conditions thereof shall be and remain in full force and effect.  The Trustee makes no representation or warranty as to validity or sufficiency of this Amendment.

SECTION 4.  Binding Effect.

The provisions of this Amendment shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto, and all such provisions shall inure to the benefit of the Depositor, Seller, the Master Servicer, the Securities Administrator and Trustee.

SECTION 5.  Governing Law.

This Amendment shall be construed in accordance with the substantive laws of the State of New York (without regard to conflict of law principles) and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such laws.

SECTION 6.  Severability of Provisions.

If any one or more of the provisions or terms of this Amendment shall be for any reason whatsoever held invalid, then such provisions or terms shall be deemed severable from the remaining provisions or terms of this Amendment and shall in no way affect the validity or enforceability of the other provisions or terms of this Amendment.

SECTION 7.  Section Headings.

The section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

SECTION 8.  Counterparts.

This Amendment may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

[signature pages follow]

IN WITNESS WHEREOF, the Depositor, the Seller, the Master Servicer, the Securities Administrator 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.

GREENWICH CAPITAL ACCEPTANCE, INC.,

as Depositor

By:  /s/ Shakti Radhakishun

Name:  Shakti Radhakishun

Title:    Senior Vice President

GREENWICH CAPITAL FINANCIAL PRODUCTS, INC.,

as a Seller

By:  /s/ Shakti Radhakishun

Name:  Shakti Radhakishun

Title:    Senior Vice President

WELLS FARGO BANK, N.A.,

as Master Servicer and as Securities Administrator

By:  /s/ Diane Courtney

Name:  Diane Courtney

Title:    Vice President

DEUTSCHE BANK NATIONAL TRUST COMPANY,

as Trustee

By:  /s/ Marion Hogan

Name:  Marion Hogan

Title:    Associate

By:  /s/ Hang Luu

Name:  Hang Luu

Title:    Authorized Signer