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Non-Tech : Conseco Insurance (CNO)
CNO 41.29+4.3%3:59 PM EST
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To: CAtechTrader who wrote (3072)9/22/2000 1:38:02 PM
From: donjuan_demarco  Read Replies (1) of 4155
 
Yes there may well be a grace period, at least with respect to the loans due on Sept. 22.

But, the loans due on Sept 2 were already extended to September 22, so I would be surprised if there was an additional grace period.

Regarding non-payment as default, I find it inconceivable that it would NOT be a default (disregarding any grace periods). After all the most important aspect to a lender of a credit facility is getting your money back.

I doubt that presentment is required to make the amount due and payable, I haven't seen an agreement in my entire career that required presentment.
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