Prior Uncured Defaults Clause Samples

The "Prior Uncured Defaults" clause defines the treatment of defaults that have occurred and remain unresolved before a specific event or date, such as the execution of a new agreement or an amendment. In practice, this clause typically clarifies whether existing breaches of contract—such as missed payments or unfulfilled obligations—must be remedied before the parties can proceed with new contractual arrangements or whether they are waived or carried forward. Its core function is to ensure that unresolved issues from the past are properly addressed, thereby preventing parties from inadvertently overlooking ongoing problems and maintaining the integrity of the contractual relationship.