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BP » Topics » Interest on unpaid calls

These excerpts taken from the BP 6-K filed May 22, 2008.

Interest on unpaid calls

32     If a sum called in respect of a share is not paid before or on the day appointed for payment thereof, the person from whom the sum is due shall pay interest on the sum from the day appointed for payment thereof to the time of actual payment at such rate (not exceeding fifteen per cent. per annum) as the Directors may determine but the Directors shall be at liberty in any case or cases to waive payment of such interest wholly or in part.

Interest
on unpaid calls


32     If
a sum called in respect of a share is not paid before or on the day appointed for payment thereof, the person from whom the sum is
due shall pay interest on the sum from the day appointed for payment thereof to the time of actual payment at such rate (not
exceeding fifteen per cent. per annum) as the Directors may determine but the Directors shall be at liberty in any case or cases to
waive payment of such interest wholly or in part.



EXCERPTS ON THIS PAGE:

6-K (2 sections)
May 22, 2008

RELATED TOPICS for BP:

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