BP » Topics » Overview of Remainder of This Description

This excerpt taken from the BP 424B5 filed Aug 7, 2009.

Overview of Remainder of This Description

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

13


Table of Contents
   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

This excerpt taken from the BP 424B5 filed May 5, 2009.

Overview of Remainder of This Description

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

13


Table of Contents
   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

This excerpt taken from the BP F-3ASR filed Mar 13, 2009.

Overview of Remainder of This Description

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

13


Table of Contents
   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

These excerpts taken from the BP 424B5 filed Mar 13, 2009.

Overview of Remainder of This Description

 

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

 

Overview of Remainder of This Description

SIZE="1"> 

The remainder of this description summarizes:

 







  

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 







  

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 







  

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 







  

Your rights if we default or experience other financial difficulties.

SIZE="1"> 







  

Our relationship with the trustee.

 

STYLE="margin-top:0px;margin-bottom:0px">Additional Mechanics

 

STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%">Exchange and Transfer

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may have your debt securities broken into more debt securities of smaller denominations or combined into fewer debt securities of larger
denominations, as long as the total principal amount is not changed. (Section 305) This is called an exchange.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may exchange or transfer registered debt securities at the office of the trustee. The trustee acts as our agent for registering debt securities in the
names of holders and transferring registered debt securities. We may change this appointment to another entity or perform the service ourselves. The entity performing the role of maintaining the list of registered holders is called the security
registrar. It will also register transfers of the registered debt securities. (Section 305)

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You will not be required to pay a service charge to transfer or exchange debt securities, but you may be required to pay for any tax or other governmental
charge associated with the exchange or transfer. The transfer or exchange of a registered debt security will only be made if the security registrar is satisfied with your proof of ownership.

STYLE="margin-top:0px;margin-bottom:0px"> 

If we have designated additional transfer agents, they are named in the
prospectus supplement. We may cancel the designation of any particular transfer agent. We may also approve a change in the office through which any transfer agent acts. (Section 1002)

STYLE="margin-top:0px;margin-bottom:0px"> 

If the debt securities are redeemable and we redeem less than all of the debt
securities of a particular series, we may block the transfer or exchange of debt securities during a specified period of time in order to freeze the list of holders to prepare the mailing. The period begins 15 days before the day we mail the notice
of redemption and ends on the day of that mailing. We may also refuse to register transfers or exchanges of debt securities selected for redemption. However, we will continue to permit transfers and exchanges of the unredeemed portion of any
security being partially redeemed. (Section 305)

 

SIZE="2">Payment and Paying Agents

 

We will pay
interest to you if you are a direct holder listed in the trustee’s records at the close of business on a particular day in advance of each due date for interest, even if you no longer own the security on the interest due date. That particular
day, usually about two weeks in advance of the interest due date, is called the regular record date and is stated in the prospectus supplement. (Section 307)

 

We will pay interest, principal and any other money due on the registered debt securities at the corporate trust office of the trustee in
Chicago, Illinois. That office is currently located at The Bank of New York Trust

 


13







Table of Contents



Company, N.A., 227 W. Monroe, 26th Floor, Chicago, Illinois 60606. You must make arrangements to have your payments picked up at or wired from that office.
We may also choose to pay interest by mailing checks. Interest on global securities will be paid to the holder thereof by wire transfer of same-day funds.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">Holders buying and selling debt securities must work out between them how to compensate for the fact that we will pay all the interest for an interest
period to the one who is the registered holder on the regular record date. The most common manner is to adjust the sales price of the debt securities to pro rate interest fairly between buyer and seller. This pro rated interest amount is called
accrued interest.

 

These excerpts taken from the BP 424B5 filed Mar 6, 2009.

Overview of Remainder of This Description

 

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

 

Overview of Remainder of This Description

SIZE="1"> 

The remainder of this description summarizes:

 







  

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 







  

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 







  

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 







  

Your rights if we default or experience other financial difficulties.

SIZE="1"> 







  

Our relationship with the trustee.

 

STYLE="margin-top:0px;margin-bottom:0px">Additional Mechanics

 

STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%">Exchange and Transfer

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may have your debt securities broken into more debt securities of smaller denominations or combined into fewer debt securities of larger
denominations, as long as the total principal amount is not changed. (Section 305) This is called an exchange.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may exchange or transfer registered debt securities at the office of the trustee. The trustee acts as our agent for registering debt securities in the
names of holders and transferring registered debt securities. We may change this appointment to another entity or perform the service ourselves. The entity performing the role of maintaining the list of registered holders is called the security
registrar. It will also register transfers of the registered debt securities. (Section 305)

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You will not be required to pay a service charge to transfer or exchange debt securities, but you may be required to pay for any tax or other governmental
charge associated with the exchange or transfer. The transfer or exchange of a registered debt security will only be made if the security registrar is satisfied with your proof of ownership.

STYLE="margin-top:0px;margin-bottom:0px"> 

If we have designated additional transfer agents, they are named in the
prospectus supplement. We may cancel the designation of any particular transfer agent. We may also approve a change in the office through which any transfer agent acts. (Section 1002)

STYLE="margin-top:0px;margin-bottom:0px"> 

If the debt securities are redeemable and we redeem less than all of the debt
securities of a particular series, we may block the transfer or exchange of debt securities during a specified period of time in order to freeze the list of holders to prepare the mailing. The period begins 15 days before the day we mail the notice
of redemption and ends on the day of that mailing. We may also refuse to register transfers or exchanges of debt securities selected for redemption. However, we will continue to permit transfers and exchanges of the unredeemed portion of any
security being partially redeemed. (Section 305)

 

SIZE="2">Payment and Paying Agents

 

We will pay
interest to you if you are a direct holder listed in the trustee’s records at the close of business on a particular day in advance of each due date for interest, even if you no longer own the security on the interest due date. That particular
day, usually about two weeks in advance of the interest due date, is called the regular record date and is stated in the prospectus supplement. (Section 307)

 

We will pay interest, principal and any other money due on the registered debt securities at the corporate trust office of the trustee in
Chicago, Illinois. That office is currently located at The Bank of New York Trust

 


13







Table of Contents



Company, N.A., 227 W. Monroe, 26th Floor, Chicago, Illinois 60606. You must make arrangements to have your payments picked up at or wired from that office.
We may also choose to pay interest by mailing checks. Interest on global securities will be paid to the holder thereof by wire transfer of same-day funds.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">Holders buying and selling debt securities must work out between them how to compensate for the fact that we will pay all the interest for an interest
period to the one who is the registered holder on the regular record date. The most common manner is to adjust the sales price of the debt securities to pro rate interest fairly between buyer and seller. This pro rated interest amount is called
accrued interest.

 

These excerpts taken from the BP 424B5 filed Nov 5, 2008.

Overview of Remainder of This Description

 

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

 

Overview of Remainder of This Description

SIZE="1"> 

The remainder of this description summarizes:

 







  

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 







  

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 







  

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 







  

Your rights if we default or experience other financial difficulties.

SIZE="1"> 







  

Our relationship with the trustee.

 

STYLE="margin-top:0px;margin-bottom:0px">Additional Mechanics

 

STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%">Exchange and Transfer

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may have your debt securities broken into more debt securities of smaller denominations or combined into fewer debt securities of larger
denominations, as long as the total principal amount is not changed. (Section 305) This is called an exchange.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may exchange or transfer registered debt securities at the office of the trustee. The trustee acts as our agent for registering debt securities in the
names of holders and transferring registered debt securities. We may change this appointment to another entity or perform the service ourselves. The entity performing the role of maintaining the list of registered holders is called the security
registrar. It will also register transfers of the registered debt securities. (Section 305)

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You will not be required to pay a service charge to transfer or exchange debt securities, but you may be required to pay for any tax or other governmental
charge associated with the exchange or transfer. The transfer or exchange of a registered debt security will only be made if the security registrar is satisfied with your proof of ownership.

STYLE="margin-top:0px;margin-bottom:0px"> 

If we have designated additional transfer agents, they are named in the
prospectus supplement. We may cancel the designation of any particular transfer agent. We may also approve a change in the office through which any transfer agent acts. (Section 1002)

STYLE="margin-top:0px;margin-bottom:0px"> 

If the debt securities are redeemable and we redeem less than all of the debt
securities of a particular series, we may block the transfer or exchange of debt securities during a specified period of time in order to freeze the list of holders to prepare the mailing. The period begins 15 days before the day we mail the notice
of redemption and ends on the day of that mailing. We may also refuse to register transfers or exchanges of debt securities selected for redemption. However, we will continue to permit transfers and exchanges of the unredeemed portion of any
security being partially redeemed. (Section 305)

 

SIZE="2">Payment and Paying Agents

 

We will pay
interest to you if you are a direct holder listed in the trustee’s records at the close of business on a particular day in advance of each due date for interest, even if you no longer own the security on the interest due date. That particular
day, usually about two weeks in advance of the interest due date, is called the regular record date and is stated in the prospectus supplement. (Section 307)

 

We will pay interest, principal and any other money due on the registered debt securities at the corporate trust office of the trustee in
Chicago, Illinois. That office is currently located at The Bank of New York Trust

 


13







Table of Contents



Company, N.A., 227 W. Monroe, 26th Floor, Chicago, Illinois 60606. You must make arrangements to have your payments picked up at or wired from that office.
We may also choose to pay interest by mailing checks. Interest on global securities will be paid to the holder thereof by wire transfer of same-day funds.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">Holders buying and selling debt securities must work out between them how to compensate for the fact that we will pay all the interest for an interest
period to the one who is the registered holder on the regular record date. The most common manner is to adjust the sales price of the debt securities to pro rate interest fairly between buyer and seller. This pro rated interest amount is called
accrued interest.

 

These excerpts taken from the BP 424B5 filed Mar 13, 2008.

Overview of Remainder of This Description

 

The remainder of this description summarizes:

 

   

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 

   

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 

   

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 

   

Your rights if we default or experience other financial difficulties.

 

   

Our relationship with the trustee.

 

Overview of Remainder of This Description

SIZE="1"> 

The remainder of this description summarizes:

 







  

Additional mechanics relevant to the debt securities under normal circumstances, such as how you transfer ownership and where we make payments.

 







  

Your rights under several special situations, such as if we merge with another company or if we want to change a term of the debt securities.

 







  

Your rights to receive payment of additional amounts due to changes in U.K. and Canadian tax withholding or deduction requirements.

 







  

Your rights if we default or experience other financial difficulties.

SIZE="1"> 







  

Our relationship with the trustee.

 

STYLE="margin-top:0px;margin-bottom:0px">Additional Mechanics

 

STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%">Exchange and Transfer

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may have your debt securities broken into more debt securities of smaller denominations or combined into fewer debt securities of larger
denominations, as long as the total principal amount is not changed. (Section 305) This is called an exchange.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You may exchange or transfer registered debt securities at the office of the trustee. The trustee acts as our agent for registering debt securities in the
names of holders and transferring registered debt securities. We may change this appointment to another entity or perform the service ourselves. The entity performing the role of maintaining the list of registered holders is called the security
registrar. It will also register transfers of the registered debt securities. (Section 305)

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You will not be required to pay a service charge to transfer or exchange debt securities, but you may be required to pay for any tax or other governmental
charge associated with the exchange or transfer. The transfer or exchange of a registered debt security will only be made if the security registrar is satisfied with your proof of ownership.

STYLE="margin-top:0px;margin-bottom:0px"> 

If we have designated additional transfer agents, they are named in the
prospectus supplement. We may cancel the designation of any particular transfer agent. We may also approve a change in the office through which any transfer agent acts. (Section 1002)

STYLE="margin-top:0px;margin-bottom:0px"> 

If the debt securities are redeemable and we redeem less than all of the debt
securities of a particular series, we may block the transfer or exchange of debt securities during a specified period of time in order to freeze the list of holders to prepare the mailing. The period begins 15 days before the day we mail the notice
of redemption and ends on the day of that mailing. We may also refuse to register transfers or exchanges of debt securities selected for redemption. However, we will continue to permit transfers and exchanges of the unredeemed portion of any
security being partially redeemed. (Section 305)

 

SIZE="2">Payment and Paying Agents

 

We will pay
interest to you if you are a direct holder listed in the trustee’s records at the close of business on a particular day in advance of each due date for interest, even if you no longer own the security on the interest due date. That particular
day, usually about two weeks in advance of the interest due date, is called the regular record date and is stated in the prospectus supplement. (Section 307)

 

We will pay interest, principal and any other money due on the registered debt securities at the corporate trust office of the trustee in
Chicago, Illinois. That office is currently located at The Bank of New York Trust

 


13







Table of Contents



Company, N.A., 227 W. Monroe, 26th Floor, Chicago, Illinois 60606. You must make arrangements to have your payments picked up at or wired from that office.
We may also choose to pay interest by mailing checks. Interest on global securities will be paid to the holder thereof by wire transfer of same-day funds.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">Holders buying and selling debt securities must work out between them how to compensate for the fact that we will pay all the interest for an interest
period to the one who is the registered holder on the regular record date. The most common manner is to adjust the sales price of the debt securities to pro rate interest fairly between buyer and seller. This pro rated interest amount is called
accrued interest.

 

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