TiVo 2006 Annual Report Download - page 221
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(c) Cash and Cash Equivalents. Maintain at all times cash and Cash Equivalents of not less than $5,000,000.
ARTICLE VII
EVENTS OF DEFAULT
SECTION 7.01. Events of Default. If any of the following events (each, an "Event of Default" and collectively, "Events of Default") shall occur
and be continuing:
(a) The Company shall fail to pay any installment of the principal when due, or shall fail to pay any installment of interest or other amount
payable hereunder or under any other Loan Document when due for a period of three Business Days; or
(b) Any representation or warranty made by the Company herein or by the Company or any other TiVo Party (or any of their respective officers)
in connection with this Agreement or any other Loan Document shall prove to have been incorrect in any material respect when made; or
(c) the Company shall fail to perform or observe any term, covenant or agreement contained in Sections 3.01, 6.01(a) through (c), (e), (f), (h), (j),
(m), (q) or (u), 6.02 or 6.03; or
(d) the Company or any other TiVo Party shall fail to perform or observe any other term, covenant or agreement contained in any Loan
Document on its part to be performed or observed if such failure shall remain unremedied for 20 days after the earlier of the date on which (i) an officer of the
Company or any other TiVo Party becomes aware of such failure or (ii) written notice thereof shall have been given to the Company by the Administrative
Agent or any Lender; or
(e) the Company or any other TiVo Party shall fail to pay any principal of, premium or interest on or any other amount payable in respect of any
Debt that is outstanding in a principal amount (or, in the case of any Hedge Agreement, an Agreement Value) of at least $5,000,000 either individually or in
the aggregate (but excluding Debt outstanding hereunder), when the same becomes due and payable (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise); or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt, if the
effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt or otherwise to cause, or to permit the holder
thereof to cause, such Debt to mature; or any such Debt shall be declared
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