Common use of Floating License Clause in Contracts

Floating License. With a Floating License LICENSOR grants you a non-exclusive, non-transferable right to install and use the PROGRAM: (a) worldwide; (b) during a non-limited period of time unless otherwise indicated by LICENSOR on providing the license key; the term of the license mentioned above can be terminated on conditions stated in the Section 9 of this XXXX; (c) for commercial and non-commercial purposes; (d) subject to the terms and conditions of this XXXX. You may use the PROGRAM in executable form only.

Floating License. With a Floating License LICENSOR Licensor grants you a non-exclusive, non-transferable right to install and use the PROGRAM: (a) worldwide; (b) during a non-limited period of time unless otherwise indicated by LICENSOR Licensor on providing the license key; the term of the license mentioned above can be terminated on conditions stated in the Section 9 8 of this XXXX; (c) for commercial and non-commercial purposes; (d) subject to the terms and conditions of this XXXX. You may use the PROGRAM in executable form only.