BP » Topics » Section 2.5 Investment Via Electronic Debit

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 2.5 Investment Via Electronic Debit

A Participant may elect to have Optional Cash Investments transmitted to the Administrator via electronic debit from his Bank Account. The Participant must first complete and return to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may thereafter change the Bank Account being debited by delivering a new, completed valid and usable Electronic Funds Transfer Instruction to the Administrator.

 

In the case of ongoing Optional Cash Investments, a Participant’s Bank Account will be debited on the first or the fifteenth of each month, as directed by the Participant, and invested in ADS Shares within five (5) Business Days. In the event that at any time the designated electronic transfer routing or Bank Account proves unusable for any reason, the Administrator shall so advise the Participant of the failed transmission and of the Administrator’s resulting inability to execute the transaction requested. In the event that a debit fails because the Bank Account has insufficient funds to cover the requested debit, a separate fee shall be charged to the Participant per published fee schedules, and the Administrator shall so advise the Participant.

 

Section 2.5 Investment Via Electronic Debit



A Participant may elect to have Optional Cash Investments transmitted to the Administrator via electronic debit from his Bank Account. The Participant must first complete and return to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may thereafter change the Bank Account being debited by delivering a new, completed valid and usable Electronic Funds Transfer
Instruction to the Administrator.



 



In the case of ongoing Optional Cash Investments, a Participant’s Bank Account will be debited on the first or the fifteenth of each month, as directed by the Participant, and invested in ADS Shares within five (5) Business Days. In the event that at any time the designated electronic transfer routing or Bank Account proves unusable for any reason, the Administrator shall so advise the
Participant of the failed transmission and of the Administrator’s resulting inability to execute the transaction requested. In the event that a debit fails because the Bank Account has insufficient funds to cover the requested debit, a separate fee shall be charged to the Participant per published fee schedules, and the Administrator shall so advise the Participant.



 



These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 2.5 Investment Via Electronic Debit

A Participant may elect to have Optional Cash Investments transmitted to the Administrator via electronic debit from his Bank Account. The Participant must first complete and return to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may thereafter change the Bank Account being debited by delivering a new, completed valid and usable Electronic Funds Transfer Instruction to the Administrator.

 

In the case of ongoing Optional Cash Investments, a Participant’s Bank Account will be debited on the first or the fifteenth of each month, as directed by the Participant, and invested in ADS Shares within five (5) Business Days. In the event that at any time the designated electronic transfer routing or Bank Account proves unusable for any reason, the Administrator shall so advise the Participant of the failed transmission and of the Administrator’s resulting inability to execute the transaction requested. In the event that a debit fails because the Bank Account has insufficient funds to cover the requested debit, a separate fee shall be charged to the Participant per published fee schedules, and the Administrator shall so advise the Participant.

 

Section 2.5 Investment Via Electronic Debit



A Participant may elect to have Optional Cash Investments transmitted to the Administrator via electronic debit from his Bank Account. The Participant must first complete and return to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may thereafter change the Bank Account being debited by delivering a new, completed valid and usable Electronic Funds Transfer
Instruction to the Administrator.



 



In the case of ongoing Optional Cash Investments, a Participant’s Bank Account will be debited on the first or the fifteenth of each month, as directed by the Participant, and invested in ADS Shares within five (5) Business Days. In the event that at any time the designated electronic transfer routing or Bank Account proves unusable for any reason, the Administrator shall so advise the
Participant of the failed transmission and of the Administrator’s resulting inability to execute the transaction requested. In the event that a debit fails because the Bank Account has insufficient funds to cover the requested debit, a separate fee shall be charged to the Participant per published fee schedules, and the Administrator shall so advise the Participant.



 



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