BP » Topics » Special Situations When the Global Security Will Be Terminated

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

Special Situations When the Global Security Will Be Terminated

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 10 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

 

In the remainder of this description “you” means direct holders and not street name or other indirect holders of securities. We urge indirect holders to read the subsection on page 10 entitled “—Street Name and Other Indirect Holders”.

 

 

11


Table of Contents

Special Situations When the Global Security Will Be Terminated

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates
representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities
transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 10 under “—Street Name and Other Indirect Holders” and
“—Direct Holders”.

The special situations for termination of a global security are:

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







  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

The
prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not
we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 








 

SIZE="2">In the remainder of this description “you” means direct holders and not street name or other indirect holders of securities. We urge indirect holders to read the subsection on page 10 entitled “—Street Name and
Other Indirect Holders”.

 

 


11







Table of Contents


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

Special Situations When the Global Security Will Be Terminated

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 10 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

 

In the remainder of this description “you” means direct holders and not street name or other indirect holders of securities. We urge indirect holders to read the subsection on page 10 entitled “—Street Name and Other Indirect Holders”.

 

 

11


Table of Contents

Special Situations When the Global Security Will Be Terminated

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates
representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities
transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 10 under “—Street Name and Other Indirect Holders” and
“—Direct Holders”.

The special situations for termination of a global security are:

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







  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

The
prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not
we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 








 

SIZE="2">In the remainder of this description “you” means direct holders and not street name or other indirect holders of securities. We urge indirect holders to read the subsection on page 10 entitled “—Street Name and
Other Indirect Holders”.

 

 


11







Table of Contents


These excerpts taken from the BP F-3ASR filed Mar 13, 2009.

Special Situations When the Global Security Will Be Terminated

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 10 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

 

In the remainder of this description “you” means direct holders and not street name or other indirect holders of securities. We urge indirect holders to read the subsection on page 10 entitled “—Street Name and Other Indirect Holders”.

 

 

11


Table of Contents

Special Situations When the Global Security Will Be Terminated

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates
representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities
transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 10 under “—Street Name and Other Indirect Holders” and
“—Direct Holders”.

The special situations for termination of a global security are:

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







  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

The
prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not
we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 








 

SIZE="2">In the remainder of this description “you” means direct holders and not street name or other indirect holders of securities. We urge indirect holders to read the subsection on page 10 entitled “—Street Name and
Other Indirect Holders”.

 

 


11







Table of Contents


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

Special Situations When the Global Security Will Be Terminated

 

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

Special Situations When the Global
Security Will Be Terminated

 

In a few special
situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be
up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in
the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The special situations for termination of a global security are:

 








  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of
securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

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

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

Special Situations When the Global Security Will Be Terminated

 

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

Special Situations When the Global
Security Will Be Terminated

 

In a few special
situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be
up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in
the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The special situations for termination of a global security are:

 








  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of
securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

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

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

Special Situations When the Global Security Will Be Terminated

 

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

Special Situations When the Global
Security Will Be Terminated

 

In a few special
situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be
up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in
the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The special situations for termination of a global security are:

 








  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of
securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

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

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

Special Situations When the Global Security Will Be Terminated

 

In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

The special situations for termination of a global security are:

 

   

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

 

   

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under “Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

 

Special Situations When the Global
Security Will Be Terminated

 

In a few special
situations described below, the global security will terminate and interests in it will be exchanged for physical certificates representing securities. After that exchange, the choice of whether to hold securities directly or in street name will be
up to the investor. Investors must consult their own bank or brokers to find out how to have their interests in securities transferred to their own name so that they will be direct holders. The rights of street name investors and direct holders in
the securities have been previously described on page 9 under “—Street Name and Other Indirect Holders” and “—Direct Holders”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The special situations for termination of a global security are:

 








  

When the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary.

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







  

When an event of default on the securities has occurred and has not been cured. Defaults on debt securities are discussed below on pages 20-21 under
“Description of Debt Securities and Guarantees—Default and Related Matters—Events of Default”.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of
securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or the trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.

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

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