Floating definition

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.

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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.

Examples of Floating in a sentence

• Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate.

• Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

• If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate.

• Unless otherwise specified on the face hereof, all percentages resulting from any calculation on this Floating Rate Note will be rounded to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards.

• If any Interest Payment Date other than the Maturity Date for this Floating Rate Note would otherwise be a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day.

More Definitions of Floating

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

Floating. Bus Driver

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 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 number of Authorized Users for whom MOM Software licenses have been acquired as per the Order.