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Unconditional Irrevocable Letter of Credit

Published by Town of Oakville

The municipality lists what to submit. CodeEase shows what the building code asks of it. See CodeEase →

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This is the Town of Oakville’s document, as published on its website on 22 October 2026. The municipality may have changed it since: check the current version at the source. Legal notice

Overview

A two-page Town of Oakville form of unconditional, irrevocable standby letter of credit in favour of The Corporation of the Town of Oakville, with blanks for bank, developer, amount and expiry. Its text sets out drawing on written demand, a certificate signed by the Town's Treasurer or Deputy Treasurer, reduction by written notice, renewal and partial drawings, and ends with a signature line for the bank's signing officer. A second page lists acceptable chartered banks. It is the Letter of Credit template that the site plan guide links.

What it covers

Unconditional Irrevocable Letter of Credit
Acceptable Chartered Banks for the Issuance of Letters of Credit

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