>>it states 2 late payments would be a breach of contract
Late payments of debt or contract costs constitute a default 99% of the time unless a grace period is specified in the contract. Just because a payment is made 'eventually' does not mean that the borrower is not still in default for missing the period in which the payment was supposed to be made.
Perhaps I could borrow some money from you? I'll pay you back, it might be a few years late but it will 'eventually' be repaid. That way I won't be in default.
"Q: What’s special about the lifting gas technology? . . . How long will it take for a Stratellite to reach cruising altitude?
A: The lifting gas technology is proprietary."
-Sanwire Networks, LLC