Preliminary Fee calculation and payment The Manager shall each year prepare a complete budget over the Operating Costs and Pass-Through Costs for its activities in the subsequent year. The budget shall be based on an activity level corresponding to the current activity level, also in terms of the number of drilling vessels under the Manager's management (affecting the level of the Manager's indirect costs), and on reasonable assumptions as to the development of the Manager's Operating Costs and Pass-Through Costs in the coming year. The Owner undertakes to provide the Manager with such information on its requirements for the Services as shall be required by the Manager for the purposes of this budgeting process. A preliminary fee due from the Owner to the Manager for the coming year (the "Preliminary Fee") shall then be calculated. The Preliminary Fee shall consist of the sum of:
a. the part of the budgeted Operating Costs directly and indirectly attributable to rendering the administrative services (see Clause 3), added a 5% mxxx-up; b the part of the budgeted Operating Costs directly and indirectly attributable to rendering the commercial management and insurance services (see Clause 4), added a 7% mxxx-up;
Preliminary Fee calculation and payment The Manager shall each year prepare a complete budget over the Operating Costs and Pass-Through Costs for its activities in the subsequent year. The budget shalt be based on an activity level corresponding to the current activity level, also in terms of the number of drilling vessels under the Manager's management (affecting the level of the Manager's indirect costs), and on reasonable assumptions as to the development of the Manager's Operating Casts and Pass-Through Costs in the coming year. The Owner undertakes to provide the Manager with such information on its requirements for the Services as shall be required by the Manager for the purposes of this budgeting process. A preliminary fee due from the Owner to the Manager for the coming year (the "Preliminary Fee") shall then be calculated, The Preliminary Fee shall consist of the sum of:
a. the part of the budgeted Operating Costs directly and indirectly attributable to rendering the administrative services (see Clause 3), added a 5 % xxxx-up;
b. the part of the budgeted Operating Costs directly and indirectly attributable to rendering the commercial management and insurance services (see Clause 4), added a 7 % xxxx-up;
c. the part of the budgeted Operating Costs directly and indirectly attributable to rendering the technical management services (see Clause 5), added a 7 % xxxx-up; and
d. the budgeted Pass-Through Costs. The Preliminary Fee and the calculation thereof, as well as the budget on which the Preliminary Fee is based, shall be presented to the Owner each year. The Preliminary Fee shall be paid from the Owner to the Manager on a quarterly basis in advance, on 1 January, 1 April, 1 July and 1 October. Each of the quarterly amounts shall equal 25 % of the total Preliminary Fee for the relevant year. In the event the sum of the Manager's actual Operating Costs and Pass-Through Costs for any quarter deviates significantly from the budgeted Operating Costs and Pass-Through Costs for that quarter, the parties may agree on a corresponding adjustment of the subsequent quarterly payment of the Preliminary Fee.
Preliminary Fee calculation and payment
a. the budgeted Operating Costs plus a xxxx-up of 5%; and
b. the budgeted Pass-Through Costs. The Preliminary Fee and the budget on which it is based shall be presented to the Customer no later than 1 December each year. The Preliminary Fee shall be paid by the Customer to the Service Provider in advance on a quarterly basis, on 1 January, 1 April, 1 July and 1 October. Each of the quarterly amounts shall equal 25 % of the Preliminary Fee for the relevant year. In the event the sum of the actual Operating Costs and Pass-Through Costs for any quarter deviates significantly from the budgeted Operating Costs and Pass-Through Costs for that quarter, the Parties may agree on a corresponding adjustment of the subsequent quarterly payment of the Preliminary Fee.
Preliminary Fee. (a) In consideration of the Vendor carrying out the Preliminary Works at the Purchaser’s request, the Purchaser is responsible for costs and expenses incurred by the Vendor in respect of the Preliminary Works.
(b) Save as additional costs and expenses caused resulting from any request or direction by the Purchaser (which are the Purchaser’s responsibility), the cost for the performance of the Preliminary Works by the Vendor payable by the Purchaser is limited to the value of the Preliminary Fee described in this Agreement.
(c) The Vendor will not procure any Preliminary Works to be carried out until the Purchaser has paid the Preliminary Fee in full and completed and executed this agreement.
(d) The Purchaser agrees and acknowledges:
(i) Subject to clause 2(d)(ii), the design of the proposed Dwelling is to be the subject of a building contract (as amended in accordance with clause 2(d)(ii), where applicable) and cannot be altered after execution of this agreement unless agreed to by the builder at their sole discretion.
(ii) The builder reserves the right to amend or modify any plans, specifications and/or variations requested by the Purchaser to ensure the proposed building complies with any requirements imposed by a local authority, a land developer, an energy efficiency requirement or the Building Code of Australia (BCA). The additional costs of any such changes will be included in the building contract and are payable by the Purchaser.
(e) If the Purchaser and the Vendor enter into the Contract unconditionally, the Preliminary Fee paid under this Agreement will be deducted from the Purchase Price under the Contract.
(f) The Preliminary Fee is not refundable to the Purchaser for any reason, other than a fundamental breach by the Vendor of its obligations under this Agreement. If any part of this clause is void for any reason and in the event that the Purchaser terminates this Agreement:
(i) the Purchaser shall be liable for all actual costs incurred by the Builder when performing the Preliminary Works up to and including the date of notification of termination and for all costs and expense payable by the Builder to its agents or contractors engaged to perform the Preliminary Works for work performed prior to service of notice of the termination; and
(ii) Payment of the Preliminary Fee does not transfer the copyright in any of the Drawings and Specifications to the Purchaser, nor does it grant any right or licence to the Purchaser to reproduce or use the...
Preliminary Fee. (1) If the PHA was not administering a program of Section 8 tenant-based assistance prior to the merger date, HUD will pay a one-time fee in the amount of $500 in the first year the PHA administers a program. The fee is paid for each new unit added to the PHA program by the initial funding increment under the xxxxxxx- dated ACC.
(2) The preliminary fee is used to cover expenses the PHA incurs to help families who inquire about or apply for the program, and to lease up new pro- gram units.
Preliminary Fee calculation and payment
a. the budgeted Operating Costs attributable to the Customers plus a xxxx-up of 5%; and
b. the budgeted Pass-Through Costs. The Preliminary Fee, the allocation of the budgeted Operating Costs between the Manager’s Customers, and the budget on which it is based, shall be presented to the Board no later than 1 December each year. The Preliminary Fee shall be paid by the Company to the Manager in advance on a quarterly basis, on 1 January, 1 April, 1 July and 1 October. Each of the quarterly amounts shall equal 25 % of the Preliminary Fee for the relevant year. In the event the sum of the actual Operating Costs attributable to the Customers and Pass-Through Costs for any quarter deviates significantly from the budgeted Operating Costs attributable to the Customers and Pass-Through Costs for that quarter, the Parties may agree on a corresponding adjustment of the subsequent quarterly payment of the Preliminary Fee.
Preliminary Fee. Calculation and payment
a. the budgeted Operational Costs plus a [XX]% xxxx-up; and
b. the budgeted Pass-Through Costs. The Preliminary Fee and the calculation thereof, as well as the budget on which the Preliminary Fee is based, shall be presented to the Manager for approval no later than 15 December each year. The Preliminary Fee shall be paid by the Manager to the Submanager on a monthly basis in advance. In the event the sum of the Submanager’s actual Operational Costs and Pass-Through Costs for any month deviates significantly from the budgeted Operational Costs and Pass-Through Costs for that quarter, the Parties may agree on a corresponding adjustment of the subsequent payments of the Preliminary Fee.
