CFR /  Title 30  /  Part 556  /  Sec. 556.91 How much bonus or royalty credit will BOEM grant in

The amount of the bonus or royalty credit for an exchanged lease equals the sum of:

(a) The amount of the bonus payment; and

(b) All rent paid for the lease as of the date the lessee submits the request to exchange the lease under Sec. 556.92 to BOEM.