HBAC definition
Examples of HBAC in a sentence
If, during the term of this agreement, any of the health benefit plan(s), dental benefit plan(s), vision benefit plan, mental health plan, or the pharmacy benefit plan is unable to fulfill its contractual obligation, the County, upon consultation with the Health Benefits Advisory Committee (HBAC), if necessary, will secure a suitable replacement.
Pursuant to the HBAC agreement, the parties agree to continue to meet and discuss the County’s health benefit program before the commencement of each Plan Year.
An annual contribution to the Facilities Management Department’s asphalt reserve, and funding for parking lot cleaning and maintenance completed by the Facilities Division would be included in the City’s annual operating budget for HBAC.
In addition, the City committed to negotiating an agreement to provide continued access to HBAC for both rentals and drop-in program access as well as access to all other City Leisure Centres for drop-in programs beginning in January 2022.
The guaranteed minimum fee noted above would be adjusted on a prorated basis as follows: o For every month or partial month, the HBAC Leisure Pool is open, Sask Polytech would pay $2,800 per month.
In the event HBAC is closed for all of 2022, the guaranteed minimum fee would be reduced to $10,000, as Sask Polytech students and staff would still have discounted access to other Leisure Centres.
Sask Polytech believes HBAC is the key facility in the agreement based on history of usage and adjacent proximity to campus.
Borrower has heretofore furnished to the Lenders the consolidated balance sheet and statements of earnings, shareholders’ equity and cash flows of HBAC (i) as of and for the fiscal years ended December 31, 2004, December 31, 2005 and December 31, 2006, each reported on by PricewaterhouseCoopers LLP, an independent registered public accounting firm.
If, during the term of this agreement, any of the health benefit plan(s), dental benefit plan(s), vision benefit plan, or the pharmacy benefit plan is unable to fulfill its contractual obligation, the County, upon consultation with the Health Benefits Advisory Committee (HBAC), if necessary, will secure a suitable replacement.
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of HBAC and its consolidated subsidiaries as of such dates and for such periods in accordance with GAAP consistently applied (except to the extent provided in the notes thereto).