Cure Periods . . . 

refer to provisions in agreements that allow a defaulting party to avoid the consequences of  being in default by "fixing" the cause of the default. In a financing agreement, a cure (or sometimes "grace") period provision might state that if the company fails to perform a required task, such as meeting goals that are a condition to obtaining more funding from the investor, the company will, nonetheless, be given an extra 30 days in which to perform that task before it is held to be in default of the agreement. If the company meets the goal within the cure period, the default will be "cured" and the investor will remain contractually bound to provide the next round of funding. See: Benchmarks, Default, Stage Financing.