Brampton · Forms and scheduleswritten
Published by City of Brampton under Securities
The City of Brampton's template for a pay-on demand surety bond securing a development agreement, naming the principal and surety and The Corporation of the City of Brampton as obligee. Twenty-three numbered terms cover the demand procedure and its fifteen business day payment period, the irrevocability of the bond, multiple demands, reduction and termination, replacement security on ninety days notice, the surety's insolvency, notice addresses, and the credit ratings a surety carries under the Planning Act regulation. Schedule A is the demand and notice of default.
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