BP (BP)

Continuing liabilities after forfeiture or surrender

39     A member whose shares have been forfeited or surrendered shall cease to be a member in respect of the shares but shall notwithstanding the forfeiture or surrender remain liable to pay to the Company all moneys which at the date of forfeiture or surrender were presently payable by him to the Company in respect of the shares with interest thereon at fifteen per cent. per annum (or such lower rate as the Directors may determine) from the date of forfeiture or surrender until payment and the Directors may at their absolute discretion enforce payment without any allowance for the value of the shares at the time of forfeiture or surrender or waive payment in whole or in part.

Continuing
liabilities after forfeiture or surrender

39     A
member whose shares have been forfeited or surrendered shall cease to be a member in respect of the shares but shall notwithstanding
the forfeiture or surrender remain liable to pay to the Company all moneys which at the date of forfeiture or surrender were
presently payable by him to the Company in respect of the shares with interest thereon at fifteen per cent. per annum (or such lower
rate as the Directors may determine) from the date of forfeiture or surrender until payment and the Directors may at their absolute
discretion enforce payment without any allowance for the value of the shares at the time of forfeiture or surrender or waive payment
in whole or in part.