Common use of Preliminary Fee Clause in Contracts

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:

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 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 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:

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 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 Costs 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:

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 tor 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:

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 Information on its requirements for the Services as shall shag 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:

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 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 corning year (the "Preliminary Fee") shall then be calculated. The Preliminary Fee shall consist of the sum of: