Creation of Account. The Administrative Agent has established for the Borrowers a flooring line aggregate interest reduction account (the “FLAIR Account”). The FLAIR Account is not a deposit account, and the Borrowers shall have no right or interest in any amounts in such account. The FLAIR Account is intended to permit voluntary reductions in the principal amount of Floor Plan Loans outstanding under the Agreement. Any amounts paid by the Borrowers into the FLAIR Account will be available for re-advance to the Borrowers only in accordance with this Section 2.04.
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Samples: Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.)
Creation of Account. The Administrative Agent has established for the Borrowers a flooring line aggregate interest reduction account (the “FLAIR Account”). The FLAIR Account is not a deposit account, and the Borrowers shall have no right or interest in any amounts in such account. The FLAIR Account is intended to permit voluntary reductions in the principal amount of Floor Plan Loans outstanding under the Agreement. Any amounts paid by the Borrowers into the FLAIR Account will be available for re-advance to the Borrowers only in accordance with this Section 2.04..
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