Floating definition

Floating license means that access to the Software at any given moment will be limited to the maximum number of concurrent users for whom such licenses have been validly acquired under the Agreement and that use of the Software under such licenses is further restricted to a group of users that: (i) are part of the same functional team, and (ii) are geographically located on the same premises or site of the Customer for which the license was purchased, as designated on the LSDA for the purchase of such license(s).

Floating or “Concurrent User” license means that access to the PLM Software, at any given moment is limited to the maximum number of Authorized Users indicated on the Order. Unless specified otherwise in the Order, it may be used only by a single Authorized User.

Floating or “Concurrent User” license means that access to the Simcenter Software at any given moment is limited to the number of Authorized Users for whom Simcenter Software licenses have been acquired as per the Order.

Examples of Floating in a sentence

• PTO, Jury Duty, Bereavement, Holidays and Floating Holiday days are taken in the same number of hours they were scheduled to work that day (i.e., a 10 hr per day employee takes 10 hrs of PTO, 8 hrs Floating Holiday and 2 hrs PTO, or Jury Duty).

• Employees are not eligible for the Floating Holiday during their first year of work unless they start the job prior to July 1 of the year.

• Subject to the provisions provided below, on or after the Effective Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the “Fitch Test Matrix”) shall be applicable for purposes of the Fitch Maximum Weighted Average Rating Factor Test, the Fitch Minimum Weighted Average Recovery Rate Test and the Minimum Floating Spread Test.

• For the purpose of this clause, time spent on vacation, Statutory Holidays and Floating Holidays will be considered to be hours worked.

• For purposes of the applicable determinations required by Section 10.7(b)(iii) (Accountings), Article XII and the definition of “Interest Coverage Ratio”, the expected interest on the Secured Debt and Floating Rate Obligations will be calculated using the then current interest rates applicable thereto.

More Definitions of Floating

Floating. Bus Driver

Floating. Holidays Designated by employee each year, with approval of the Department Head Any date commonly observed, as designated by State, national authority, or the Port of Seattle may be observed as a holiday and paid for as such in lieu of the date designated above for the paid holidays listed.

Floating license means a license that at any given moment is limited to the number of Authorized Users for whom EDA Software licenses have been acquired as per the Order.

Floating license means that access to the Tool Software at any given moment is limited to the maximum number of Authorized Users indicated on the Order.

Floating seasonal bonus days may be utilized in increments of one (1) hour.

Floating or “Concurrent User” license means that access to the MOM Software at any given moment is limited to the maximum number of Authorized Users indicated on the Order. Unless specified otherwise in the Order, it may be used only by a single Authorized User.

Floating license means a license that at any given moment is limited to the maximum number of Authorized Users indicated on the Order. Unless specified otherwise in the Order, such license is limited to a single session by a single Authorized User at a time.