Cure Contribution Sample Clauses

The Cure Contribution clause defines the responsibilities of parties to remedy or "cure" a breach or defect in a contract or project. Typically, this clause outlines the process by which a party who has caused a problem must take corrective action, and may also specify how costs or efforts to fix the issue are shared between the parties. For example, if a contractor delivers work that does not meet agreed standards, the clause may require them to repair or replace the defective work at their own expense, or allow the other party to contribute to the cure and recover costs. Its core function is to ensure that problems are addressed efficiently and fairly, minimizing disruption and clarifying how remediation efforts are managed and funded.
Cure Contribution. Capital contributions or other equity infusions to the Parent made on or before the 30th day after the date the Parent has failed to comply with the covenant set forth in §8.1, which cures such default.