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Compucom Receivables Master Trust I

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EXHIBIT 10(J)


CSI FUNDING, INC.,
Transferor,


COMPUCOM SYSTEMS, INC.,
Servicer


and


NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION,
Trustee


on behalf of the Certificateholders


COMPUCOM RECEIVABLES MASTER TRUST I


POOLING AND SERVICING AGREEMENT


Dated as of May 7, 1999
as amended and restated as of August 20, 1999


TABLE OF CONTENTS
-----------------


Page
---- ARTICLE I


DEFINITIONS........................................................................................... 1
Section 1.01 Definitions......................................................................... 1
-----------
Section 1.02 Other Definitional Provisions....................................................... 1
-----------------------------
Section 1.03 Calculations and Payments........................................................... 2
-------------------------


ARTICLE II


CONVEYANCE OF RECEIVABLES; ISSUANCE OF CERTIFICATES................................................... 2
Section 2.01 Conveyance of Receivables........................................................... 2
-------------------------
Section 2.02 Declaration of Trust; Acceptance by Trustee......................................... 3
-------------------------------------------
Section 2.03 Representations and Warranties of the Transferor Relating to the
----------------------------------------------------------------
Transferor.......................................................................... 3
----------
Section 2.04 Representations and Warranties of the Transferor Relating to the
----------------------------------------------------------------
Agreement and any Supplement and the Receivables; Reassignment of
-----------------------------------------------------------------
Receivables......................................................................... 7
-----------
Section 2.05 Covenants of the Transferor......................................................... 10
---------------------------
Section 2.06 Authentication of Certificates...................................................... 14
------------------------------


ARTICLE III


ADMINISTRATION AND SERVICING
OF RECEIVABLES........................................................................................ 15
Section 3.01 Acceptance of Appointment and Other Matters Relating to the
-----------------------------------------------------------
Servicer............................................................................ 15
--------
Section 3.02 Servicing Compensation.............................................................. 18
----------------------
Section 3.03 Representations, Warranties and Covenants of the Servicer........................... 19
---------------------------------------------------------
Section 3.04 Records and Reports for the Trustee................................................. 24
-----------------------------------
Section 3.05 Annual Servicer's Certificate....................................................... 25
-----------------------------
Section 3.06 Annual Independent Public Accountants' Servicing Report............................. 25
-------------------------------------------------------
Section 3.07 Tax Treatment....................................................................... 26
-------------
Section 3.08 Notices to Transferor............................................................... 27
---------------------
Section 3.09 Dilution Factors.................................................................... 27
----------------
Section 3.10 Covenant to Maintain Privileges..................................................... 27
-------------------------------


ARTICLE IV


i


RIGHTS OF CERTIFICATEHOLDERS AND ALLOCATION
AND APPLICATION OF COLLECTIONS....................................................................... 27
Section 4.01 Rights of Certificateholders....................................................... 27
----------------------------
Section 4.02 Establishment of Collection Account................................................ 28
-----------------------------------
Section 4.03 Collections and Allocations........................................................ 29
---------------------------
Section 4.04 Daily Allocations of Collections Allocated to a Series............................. 31
------------------------------------------------------
Section 4.05 Determination of Interest Distributable on Investor Certificates................... 31
----------------------------------------------------------------
Section 4.06 Determination of Principal Distributable on Investor Certificates.................. 31
-----------------------------------------------------------------
Section 4.07 Distributions from Series Collection Sub-subaccounts............................... 32
----------------------------------------------------
Section 4.08 Funds Unrelated to Receivables..................................................... 32
------------------------------


ARTICLE V


DISTRIBUTIONS AND REPORTS TO
CERTIFICATEHOLDERS................................................................................... 32
Section 5.01 Distributions...................................................................... 32
-------------
Section 5.02 Monthly Investor Certificateholders' Statement; Annual Tax
Statement.......................................................................... 32
---------


ARTICLE VI


THE CERTIFICATES..................................................................................... 33
Section 6.01 The Certificates................................................................... 33
----------------
Section 6.02 Authentication of Certificates..................................................... 34
------------------------------
Section 6.03 Registration of Transfer and Exchange of Certificates.............................. 34
-----------------------------------------------------
Section 6.04 Mutilated, Destroyed, Lost or Stolen Certificates.................................. 36
-------------------------------------------------
Section 6.05 Persons Deemed Owners.............................................................. 36
---------------------
Section 6.06 Appointment of Paying Agent........................................................ 37
---------------------------
Section 6.07 Access to List of Certificateholders' Names and Addresses.......................... 37
---------------------------------------------------------
Section 6.08 Authenticating Agent............................................................... 38
--------------------
Section 6.09 New Issuances...................................................................... 39
-------------
Section 6.10 Book-Entry Certificates............................................................ 40
-----------------------
Section 6.11 Notices to Clearing Agency......................................................... 41
--------------------------
Section 6.12 Definitive Certificates............................................................ 41
-----------------------
Section 6.13 Letter of Representations.......................................................... 42
-------------------------


ARTICLE VII


OTHER MATTERS RELATING
TO THE TRANSFEROR.................................................................................... 42
Section 7.01 Liability of the Transferor........................................................ 42
---------------------------
Section 7.02 Merger or Consolidation of, or Assumption of the Obligations of,
----------------------------------------------------------------
the Transferor........................................................................42
--------------


ii


Section 7.03 Limitation on Liability of the Transferor.......................................... 43
-----------------------------------------


ARTICLE VIII


OTHER MATTERS RELATING
TO THE SERVICER...................................................................................... 43
Section 8.01 Liability of the Servicer.......................................................... 43
-------------------------
Section 8.02 Merger or Consolidation of, or Assumption of the Obligations of,
----------------------------------------------------------------
the Servicer....................................................................... 43
------------
Section 8.03 Limitation on Liability of the Servicer and Others................................. 44
--------------------------------------------------
Section 8.04 Servicer Indemnification of the Trust and the Trustee.............................. 44
-----------------------------------------------------
Section 8.05 The Servicer Not to Resign......................................................... 45
--------------------------
Section 8.06 Access to Certain Documentation and Information Regarding the
-------------------------------------------------------------
Receivables........................................................................ 45
-----------
Section 8.07 Delegation of Duties............................................................... 46
--------------------
Section 8.08 Examination of Records............................................................. 46
----------------------
Section 8.09 Successor Servicer Indemnification of Transferor................................... 46
------------------------------------------------


ARTICLE IX


EARLY AMORTIZATION EVENTS ........................................................................... 46
Section 9.01 Early Amortization Events with Respect to Any Series............................... 46
----------------------------------------------------
Section 9.02 Additional Rights Upon the Occurrence of Certain Events............................ 48
-------------------------------------------------------


ARTICLE X


SERVICER DEFAULTS.................................................................................... 49
Section 10.01 Servicer Defaults.................................................................. 49
-----------------
Section 10.02 Trustee to Act; Appointment of Successor Servicer.................................. 51
-------------------------------------------------
Section 10.03 Notification to Certificateholders................................................. 53
----------------------------------
Section 10.04 Waiver of Past Defaults............................................................ 53
-----------------------


ARTICLE XI


THE TRUSTEE.......................................................................................... 53
Section 11.01 Duties of Trustee.................................................................. 53
-----------------
Section 11.02 Certain Matters Affecting the Trustee.............................................. 55
-------------------------------------
Section 11.03 Trustee Not Liable for Recitals in Certificates.................................... 57
-----------------------------------------------
Section 11.04 Trustee May Own Certificates, Etc.................................................. 57
----------------------------------
Section 11.05 The Servicer to Pay Trustee's (and Paying Agent's) Fees and
-----------------------------------------------------------
Expenses........................................................................... 58
--------
Section 11.06 Eligibility Requirements for Trustee............................................... 58
------------------------------------
Section 11.07 Resignation or Removal of Trustee.................................................. 58
---------------------------------


iii


Section 11.08 Successor Trustee.................................................................. 59
-----------------
Section 11.09 Merger or Consolidation of Trustee................................................. 60
----------------------------------
Section 11.10 Appointment of Co-Trustee or Separate Trustee...................................... 60
---------------------------------------------
Section 11.11 Tax Returns........................................................................ 61
-----------
Section 11.12 Trustee May Enforce Claims Without Possession of Certificates...................... 62
-------------------------------------------------------------
Section 11.13 Suits for Enforcement.............................................................. 62
---------------------
Section 11.14 Rights of Certificateholders to Direct Trustee..................................... 62
----------------------------------------------
Section 11.15 Representations and Warranties of Trustee.......................................... 63
-----------------------------------------
Section 11.16 Maintenance of Office or Agency.................................................... 63
-------------------------------
Section 11.17 Statements, Certificates and Reports............................................... 63
------------------------------------


ARTICLE XII


TERMINATION.......................................................................................... 64
Section 12.01 Termination of Trust............................................................... 64
--------------------
Section 12.02 Optional Purchase and Series Termination Date of Investor Certificates
----------------------------------------------------------------------
of any Series...................................................................... 64
-------------
Section 12.03 Final Payment...................................................................... 65
-------------
Section 12.04 Transferor's Termination Rights.................................................... 66
-------------------------------


ARTICLE XIII


MISCELLANEOUS PROVISIONS............................................................................. 67
Section 13.01 Amendment.......................................................................... 67
---------
Section 13.02 Protection of Right, Title and Interest of Trust................................... 68
------------------------------------------------
Section 13.03 Limitation on Rights of Certificateholders......................................... 69
------------------------------------------
Section 13.04 Governing Law...................................................................... 70
-------------
Section 13.05 Notices............................................................................ 70
-------
Section 13.06 Severability of Provisions......................................................... 70
--------------------------
Section 13.07 Assignment......................................................................... 71
----------
Section 13.08 Certificates Nonassessable and Fully Paid.......................................... 71
-----------------------------------------
Section 13.09 Further Assurances................................................................. 71
------------------
Section 13.10 No Waiver; Cumulative Remedies..................................................... 71
------------------------------
Section 13.11 Counterparts....................................................................... 71
------------
Section 13.12 Third-Party Beneficiaries.......................................................... 71
-------------------------
Section 13.13 Actions by Certificateholders...................................................... 71
-----------------------------
Section 13.14 Merger and Integration............................................................. 72
----------------------
Section 13.15 Headings........................................................................... 72
--------
Section 13.16 Enhancement Providers.............................................................. 72
---------------------
Section 13.17 Schedules and Exhibits............................................................. 73
----------------------
Section 13.18 Assignment of Related Property..................................................... 73
------------------------------
Section 13.19 No Proceedings..................................................................... 73
--------------
Section 13.20 Texas Limited Liability Company Act................................................ 73
-----------------------------------


iv


Section 13.21 Rating Agencies...................................... 73
---------------


EXHIBITS -------- Exhibit 3.01(i) List of Post Office Boxes, Banks and Accounts Exhibit 3.01(i)(D) Form of Lock-Box/Transfer Receipt Account Agreement Exhibit 3.04(b) Form of Daily Report Exhibit 3.04(c) Form of Settlement Statement Exhibit 3.04(d) List of Data Fields Exhibit 3.05 Form of Annual Servicer's Certificate Exhibit 4.02(c) Collection Account, Collection Master Subaccount and
Transferor Collection Subaccount Exhibit 6.01 Form of Transferor Certificate Exhibit 6.03(d) Form of Transferee Representation Letter


ANNEX -----


Annex X Definitions


v


THIS POOLING AND SERVICING AGREEMENT, dated as of May 7, 1999 as amended and restated as of August 20, 1999, is by and among CSI FUNDING, INC., a Delaware corporation, as Transferor, COMPUCOM SYSTEMS, INC., a Delaware corporation, as Servicer, and NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, a national banking association, as Trustee.


This Pooling and Servicing Agreement shall be applicable to the maintenance of the Trust and the governance of the Transferor Certificate and, upon the execution of any Supplement, shall apply also to the issuance of any Series of Certificates issued thereby.


In consideration of the mutual agreements herein contained, each party agrees as follows for the benefit of the other parties, for the benefit of the Certificateholders and for the benefit of any Enhancement Provider with respect to any Series to the extent provided herein:


ARTICLE I


DEFINITIONS


Section 1.01 Definitions. For all purposes of this Agreement, except as
----------- otherwise expressly provided herein or unless the context otherwise requires, capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in the Definitions attached hereto as Annex X which is
------- incorporated by reference herein. All other capitalized terms used herein shall have the meanings specified herein.


"Agreement" means this Pooling and Servicing Agreement as it may from
--------- time to time be amended, supplemented or otherwise modified in accordance with the terms hereof, including by any Supplement.


Section 1.02 Other Definitional Provisions.
-----------------------------


(a) All terms defined in any Supplement or this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein.


(b) As used herein and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in Annex X or
------- therwise defined herein, and accounting terms partly defined in Annex X or
------- otherwise defined herein, to the extent not defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms herein or in Annex X are inconsistent with the meanings of such
------- terms under GAAP, the definitions contained herein or in Annex X shall control.
-------


(c) The agreements, representations and warranties of CompuCom in this Agreement in its capacity as Servicer shall be deemed to be the agreements, representations and warranties of CompuCom solely in such capacity.


(d) The words "hereof," "herein" and "hereunder" and words of similar
------ ------ --------- import when used in this Agreement or any Supplement shall refer to such Supplement or this Agreement, as the case may be, as a whole and not to any particular provision of such Supplement or this Agreement, as the case may be; and Section, Schedule and Exhibit references contained in this Agreement or any Supplement are references to Sections, Schedules and Exhibits in or to this Agreement or such Supplement unless otherwise specified.


(e) The word "including" (and with correlative meaning "include") means
--------- ------- including without limiting the generality of any description preceding such term.


Section 1.03 Calculations and Payments. Unless otherwise specified
------------------------- herein, expressions of a time of day refer to such time in New York, New York. Except as otherwise specified in this Agreement or in a Supplement, amounts payable hereunder shall be paid in immediately available funds. Whenever any reference is made to an amount or time the determination or calculation of which is governed by this Section 1.03, the provisions of this Section 1.03 shall be
------------ ------------ applicable to such determination or calculation, whether or not reference is specifically made to this Section 1.03, unless some other method of
------------ determination or calculation is expressly specified in the particular provision.


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