BP » Topics » Payments of Interest

These excerpts taken from the BP 424B5 filed Aug 7, 2009.

Payments of Interest

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You will be taxed on interest on your note as ordinary income at the time you receive the interest or when it accrues, depending on your method of
accounting for tax purposes.

 

Payments of Interest

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

These excerpts taken from the BP 424B5 filed May 5, 2009.

Payments of Interest

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">You will be taxed on interest on your note as ordinary income at the time you receive the interest or when it accrues, depending on your method of
accounting for tax purposes.

 

Payments of Interest

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

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

Payments of Interest

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

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

Payments of Interest

 

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

 

Payments of Interest

STYLE="margin-top:0px;margin-bottom:-6px"> 

Subject to the discussion of backup withholding below, payments of
principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 







  

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of
a banking, financing or similar business within the United States.

 

FACE="Times New Roman" SIZE="2">Purchase, Sale or Retirement of Debt Securities

 

FACE="Times New Roman" SIZE="2">You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

SIZE="1"> 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

 

For purposes of U.S. federal estate
tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

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

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

Payments of Interest

 

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

 

Payments of Interest

STYLE="margin-top:0px;margin-bottom:-6px"> 

Subject to the discussion of backup withholding below, payments of
principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 







  

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of
a banking, financing or similar business within the United States.

 

FACE="Times New Roman" SIZE="2">Purchase, Sale or Retirement of Debt Securities

 

FACE="Times New Roman" SIZE="2">You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

SIZE="1"> 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

 

For purposes of U.S. federal estate
tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

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

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

Payments of Interest

 

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

 

Payments of Interest

STYLE="margin-top:0px;margin-bottom:-6px"> 

Subject to the discussion of backup withholding below, payments of
principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 







  

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of
a banking, financing or similar business within the United States.

 

FACE="Times New Roman" SIZE="2">Purchase, Sale or Retirement of Debt Securities

 

FACE="Times New Roman" SIZE="2">You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

SIZE="1"> 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

 

For purposes of U.S. federal estate
tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

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

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

Payments of Interest

 

Subject to the discussion of backup withholding below, payments of principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

 

   

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 

   

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of a banking, financing or similar business within the United States.

 

Payments of Interest

STYLE="margin-top:0px;margin-bottom:-6px"> 

Subject to the discussion of backup withholding below, payments of
principal, premium, if any, and interest, including OID, on a debt security is exempt from U.S. federal income tax, including withholding tax, whether or not you are engaged in a trade or business in the United States, unless:

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an insurance company carrying on a U.S. insurance business to which interest is attributable, within the meaning of the Code; or

 







  

you have an office or other fixed place of business in the United States to which the interest is attributable and you derive the interest in the active conduct of
a banking, financing or similar business within the United States.

 

FACE="Times New Roman" SIZE="2">Purchase, Sale or Retirement of Debt Securities

 

FACE="Times New Roman" SIZE="2">You generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

SIZE="1"> 







  

the gain is effectively connected with your conduct of a trade or business in the United States; or

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other conditions
exist.

 

For purposes of U.S. federal estate
tax, the debt securities will be treated as situated outside the United States and will not be includable in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death.

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

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