• Forbearance Agreements and Tolling Provisions
  • June 24, 2015 | Author: D. Robb English
  • Law Firm: Aird & Berlis LLP - Toronto Office
  • Recently, we have run into several situations where there was a danger of a limitation period expiring during or shortly after a forbearance period. Sometimes demands are issued and notices of intention to enforce security are delivered at or before the execution of the Forbearance Agreement. Even if no formal demand is made, one might be concerned about a debtor claiming that the declaration of default in the Forbearance Agreement would start the clock on a limitation period.