Common use of Limitation Period Clause in Contracts

Limitation Period. You acknowledge that any actions or proceedings taken to recover money owing under a Canada Student Loan will be done in accordance with sections 16.1 and 16.2 of the CSFAA or sections 19.1 and 19.2 of the CSLA, as applicable.

Limitation Period. You acknowledge that any actions or proceedings taken to recover money owing under a Canada Student Loan more than six years after the day on which the money becomes due and payable will be done in accordance with sections 16.1 and 16.2 of the CSFAA or sections 19.1 and 19.2 of the CSLA, as applicable.