HBAP definition
Examples of HBAP in a sentence
This Agreement constitutes a loan (the “Loan”) being made between HBAP as lender and HASE as borrower.
HBAP is hereby appointed Revolving Facility Administrative Agent hereunder and under the other Credit Documents and each Revolving Lender hereby authorizes HBAP to act as Revolving Facility Administrative Agent in accordance with the terms hereof and the other Credit Documents.
HBAP shall reimburse the Executive in respect of all expenses reasonably incurred by the Executive in the proper performance of the duties hereunder, subject to the Executive providing such receipts or other evidence as HBAP may require, and subject to HBAP’s rules and policies from time to time relating to expenses.
The Executive’s place of work during the course of the secondment to HBAP will initially be HBAP’s offices at 1 Queen’s Road Central, Hong Kong.
Telephone rental, authorised business calls and reasonable utility costs will be met by HBAP.
In another instance, also in 2007, an HBAP employee asked another employee to advise a client to cancel a payment that referenced “Myanmar” and remit the payment in another currency.
The secondment to HBAP is expected to be for a period of five years as from 23 July 2007 and will be subject to review by the end of the third year of the secondment.
At any time during the Employment, the Executive shall, if so required by the Board, undergo, at the expense of HBAP, an examination by a registered medical practioner or practitioners to be nominated by HBAP.
Following any Write-off, HBAP will have no right to any repayment or payment of any amount of principal or (as the case may be) interest under the Loan which has been so Written-off and HASE shall have no obligation to pay or repay any such amount of principal or (as the case may be) interest.
HBAP will pay for the reasonable costs arising from the transportation of personal and household effects, including transit insurance (excluding the insurance premium for any item or pair valued at USD20,000 or more, or GBP equivalent, which will be for the Executive’s own account) for repatriation to the United Kingdom (or to another mutually agreed location with reasonably equivalent costs) on the completion of the secondment to HBAP.