Brampton · Declarationswritten
Published by City of Brampton under Securities
The City of Brampton's irrevocable standby letter of credit template for pre-servicing — the one of the City's four templates naming the pre-servicing of external works associated with a draft plan, identified by its 21T number, as the obligation secured. Drafted on the issuing institution's letterhead in favour of the Corporation of the City of Brampton, it sets the aggregate amount available on demand, reduction by written notice, a one-year expiry with automatic renewal, and a note to the authorized signing officer on the letters of credit corporate policy.
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