Float Adjustment Sample Clauses
A Float Adjustment clause defines how changes in the 'float'—the amount of time a project activity can be delayed without affecting the overall project completion date—are managed between contracting parties. Typically, this clause specifies whether float is for the exclusive use of the contractor, the owner, or shared, and may outline procedures for allocating float when project delays or schedule changes occur. Its core practical function is to prevent disputes over schedule flexibility by clearly establishing rights to use available float, thereby ensuring transparency and minimizing scheduling conflicts during project execution.
Float Adjustment. Tax Masters shall pay to BFC an amount equal to the product of $.50 times the number of Pool RACs (other than Pool RACs issued through a Major Franchisee or a subfranchisee of a Major Franchisee) issued during the Tax Period. Such amount shall be due and payable by Tax Masters by wire transfer not later than thirty (30) days after the last day that RACs are offered for such Tax Period.
Float Adjustment. HSBC TFS shall pay to BFC an amount equal to the product of $.50 times the number of Pool RACs (other than Pool RACs issued through a Major Franchisee or a subfranchisee of a Major Franchisee) issued during the Tax Period. Such amount shall be due and payable by HSBC TFS by wire transfer not later than thirty (30) days after the last day that RACs are offered for such Tax Period.
Float Adjustment. Concurrently with the payment of the settlement referred to in Section 2.4(c)(i), BNB shall pay to BFC an amount equal to the product of $.50 times the number of Pool RACs (other than Pool RACs issued through a Block Office owned by a Major Franchisee or a subfranchisee of a Major Franchisee) issued during the Tax Period with respect to which such settlement relates. Such amount shall be offset against the amount, if any, owed by BFC to BNB under Section 2.4(c)(i) so that only a net amount shall be owed under such Section 2.4(c)(i) and this Section 2.4(d).
Float Adjustment. Concurrently with the payment of the settlement referred to in Section 2.4(c)(i), Tax Masters shall pay to BFC an amount equal to the product of $.50 times the number of Pool RACs (other than Pool RACs issued through a Major Franchisee or a subfranchisee of a Major Franchisee) issued during the Tax Period with respect to which such settlement relates. Such amount shall be offset against the amount, if any, owed by BFC to Tax Masters under Section 2.4(c)(i) so that only a net amount shall be owed under such Section 2.4(c)(i) and this Section 2.4(d).
Float Adjustment. HSBC TFS shall pay to Block Services an amount equal to [***]. Such amount shall be due and payable by HSBC TFS by ACH credit to the account designated by the Block Enterprise Entities not later than thirty (30) days after the last day that HSBC RACs are offered for such Tax Period.