Limitations Act. The Maker has issued this note for business purposes; accordingly, this note will be treated as a business agreement for purposes of the Limitations Act, 2002 (Ontario). The Maker agrees that any limitation period applicable to this note, any proceeding relating to a claim in connection with this note, or the Maker’s obligations under this note (other than the ultimate limitation period provided for in section 15 of that Act) is suspended and will not apply to this note or the obligations that it evidences.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement