Brampton · Declarationswritten

Irrevocable Standby Letter of Credit Template – Site Plan Agreements

Published by City of Brampton under Securities

Alias
Letter of Credit Site Plans
Valid for
One year from date of issue
Applies to
any
Instruments
Bank Act, S.C. 1991, c. 46

The City of Brampton's irrevocable standby letter of credit template for site plan agreements, distinct from the City's fill permit, subdivision and pre-servicing templates in naming a dated site plan agreement and its SPA number as the obligation secured. It opens with a note to the bank manager on wording the City does not accept, then the standby credit text in favour of the Corporation of the City of Brampton, one-year automatic renewal terms, and a note to the authorized signing officer on the letters of credit corporate policy.

What it covers

  • Note to the Bank Manager
  • Note to the Authorized Signing Officer
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Publisher
City of Brampton
Category
Declarations
Published under
Securities — the municipality's own heading
Form ref
Letters of Credit Corporate Policy (Policy No. 13.7.0)
Submit to
Development Finance Division, Finance Department, 2nd floor City Hall
Covers note
A template letter with two printed notes around it; the credit itself is continuous letter text with blank fields.
Signatories
authorized signing officer
Required for
Security posted in connection with a site plan agreement
Tags
letter-of-creditsecuritysite-plan
Irrevocable Standby Letter of Credit Template – Site Plan AgreementsOpen at brampton.ca

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