PCA Discount definition
PCA Discount means, in respect of each Purchase (for purposes of this definition, as defined under the Secondary Purchase Agreement) or contribution hereunder, 1% multiplied by the Aggregate Outstanding Balance of the Receivables for purposes of this definition, as defined under the Secondary Purchase Agreement) that are the subject of such Purchase or contribution; provided, however, the foregoing Discount may be revised prospectively by request of either the Parent, as seller under the Secondary Purchase Agreement, or the Seller, as purchaser under the Secondary Purchase Agreement, reasonably and in good faith to reflect changes in recent experience with respect to write-offs, timing and costs of Collections and cost of funds, provided, further, that such revision is consented to by the Parent, as seller under the Secondary Purchase Agreement, and the Seller, as purchaser under the Secondary Purchase Agreement (it being understood that each party agrees to duly consider such request but shall have no obligation to give such consent).