i Just read through our settlement agreement with iBill again, while preparing a background for an attorney, and in reality, they are not in default of the note payable until the 2nd anniversary of the date of execution on the note.

so they missed the deadline on the 1st anniversary, and probably will the second, if they are even in business then, but according to the note, they are not really in default until the second anniversary.

any other viewpoints on this?