Application of FLAIR Reduction to Floor Plan Loans. So long as no Default has occurred and is continuing, and subject to the terms and conditions of Section 2.04, the interest payable with respect to each Floor Plan Loan (or portion thereof) at any time deemed reduced by Section 2.04 will be reduced in an amount equal to the product of (i) the outstanding principal amount of such Floor Plan Loan (or portion thereof) and (ii) the difference of (A) the per annum interest rate otherwise applicable to such Floor Plan Loan (or portion thereof) at such time minus (B) 0.75% per annum.
Appears in 4 contracts
Samples: Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.)
