Float Amount definition
Examples of Float Amount in a sentence
City shall provide a pre-payment deposit (“Float”) to RideCo for the costs for the ride-share drivers with the amount of the Float specified in Schedule “A” (“Float Amount”) until changed by notice in writing from City to RideCo. RideCo shall have no right to apply the Float Amount to any amounts owing to it with respect to any Invoice unless and until it receives approval in writing from City of such Invoice.
In such case, all of the terms of this Agreement shall continue to apply except that there shall be no Float (and any Float Amount shall be immediately returned to “Golden Palace”) and no revenue sharing with other Partners.
RideCo shall keep detailed records and documents with respect to the Transportation Operations Provider costs, operating hours, and Float Amount and shall provide copies of all documents as may be requested from time to time by City relating thereto.
RideCo shall keep detailed records and documents with respect to the Transportation Operations Provider costs, operating hours, and Float Amount and shall provide copies of all documents as may be requested from time to time by CITY relating thereto.
Investment earnings from the Distribution Account for the period specified in (ii)(a) above shall be paid to the Class R-X Certificateholder ( the "Class R-X Float Amount") and all investment earnings from the Distribution Account for the period specified in (ii)(b) above shall be paid to the Securities Administrator.
If the Issuers elect to redeem Notes pursuant to Section 3.01 hereof, they shall notify the Trustee in writing of the Redemption Date, the principal amount of Notes to be redeemed and the paragraph of the Notes pursuant to which the redemption will occur.