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 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.

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

Examples of Floating in a sentence

• A key difference between Floating Rate Notes and Fixed Rate Notes is that interest income on Floating Rate Notes cannot be anticipated.

• Unless this Note is an Exempt Note, this Note may be a Fixed Rate Note, a Floating Rate Note or a Zero Coupon Note, or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms.

• Furthermore, even prior to the implementation of any changes, uncertainty as to the nature of alternative reference rates, and as to potential changes to such benchmarks or their administration may adversely affect such benchmarks during the term of the relevant Notes (such as Floating Rate Notes), the return on the relevant Notes and the trading market for securities based on the same benchmark.

• The Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed (by no later than the first day of each Interest Period) and notice thereof to be published in accordance with Condition 13 as soon as possible after their determination but in no event later than the fourth Luxembourg Business Day thereafter.

• Where the Specified Denomination of a Floating Rate Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.

More Definitions of Floating

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. Bus Driver

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 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 that access to the Software at any time is limited to a maximum number of Authorized Users, for whom valid licenses have been purchased in accordance with this agreement.

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.