Schedule 2B. In accordance with Clause 4.15 of this Agreement, the parties to the Agreement intend for the Supplemental Production Payment to be treated as a "contingent payment debt instrument" within the meaning of United States Treasury Regulations Section 1.1275-4 for U.S. federal income tax purposes. The debt instrument reflected by the Supplemental Production Payment will be issued with "original issue discount." The issue price is $17,325,000, total amount of original issue discount is $2,896,898, the issue date is May 22, 2013, and the comparable yield on the issue date is 11.31693%, compounded quarterly. 05/22/13 $ (17,325,000.00) 06/30/13 $0.00 772,916.67 09/30/13 $0.00 1,015,648.15 12/31/13 $0.00 1,000,740.74 03/31/14 $0.00 977,083.33 06/30/14 $0.00 966,712.96 09/30/14 $0.00 956,018.52 12/31/14 $0.00 7,357,777.78 03/31/15 $0.00 7,175,000.00 Dated 30 April 2013 as amended and restated on 21 May 2013 ENDEAVOUR ENERGY UK LIMITED as the Company CIDOVAL S.À ▇.▇. as the Secured Party
Appears in 2 contracts
Sources: Supplemental Deed of Amendment and Restatement (Endeavour International Corp), Supplemental Deed of Amendment and Restatement (Endeavour International Corp)
Schedule 2B. In accordance with Clause 4.15 of this Agreement, the parties to the Agreement intend for the Supplemental Production Payment to be treated as a "contingent payment debt instrument" within the meaning of United States Treasury Regulations Section 1.1275-4 for U.S. federal income tax purposes. The debt instrument reflected by the Supplemental Production Payment will be issued with "original issue discount." The issue price is $17,325,000, total amount of original issue discount is $2,896,898, the issue date is May 22, 2013, and the comparable yield on the issue date is 11.31693%, compounded quarterly. 05/22/13 $ (17,325,000.00) 06/30/13 $0.00 772,916.67 09/30/13 $0.00 1,015,648.15 12/31/13 $0.00 1,000,740.74 03/31/14 $0.00 977,083.33 06/30/14 $0.00 966,712.96 09/30/14 $0.00 956,018.52 12/31/14 $0.00 7,357,777.78 03/31/15 $0.00 7,175,000.00 Dated 30 April 2013 as amended and restated on 21 May 2013 ENDEAVOUR ENERGY UK LIMITED as the Company CIDOVAL S.À ▇.▇. as the Secured Party7,175,000.00
Appears in 1 contract
Sources: Second Supplemental Deed of Amendment (Endeavour International Corp)