Comcast 2010 Annual Report Download - page 218

“ Existing Business Activities ” means any business conducted or investment held by GE or any of its Subsidiaries or contemplated by
any existing contractual arrangements applicable to GE or its Subsidiaries, on the date of this Agreement after giving effect to the Closing, as
such business may evolve over time.
“ Financial Services Business ” means any activities undertaken principally in connection with or in furtherance of (i) Capital Markets
Activities, (ii) Financing, (iii) Leasing, (iv) Default Recovery Activities, (v) Other Financial Services Activities, (vi) Securities Activities or
(vii) the sale of Insurance, the conduct of any Insurance brokerage activities or services or the provision of Insurance advisory services, business
processes or software. Financial Services Business also includes any investment or ownership interest in a Person through an employee benefit
or pension plan.
“ Financing ”
means the making of, entering into, purchase of, or participation in (including syndication or servicing activities), (i) secured
or unsecured loans, conditional sales agreements, debt instruments or transactions of a similar nature or for similar purposes, (ii) non-voting
preferred equity investments, and (iii) investments as a limited partner in a partnership or as a member of a limited liability company in which
another Person who is not an Affiliate of the limited partner or member is a general partner, manager or management member, or funds of funds
in which GE Capital is the general partner which consist only of investments of the type referred to in this definition.
“ GAAP ” means:
(i) for purposes of Article 11 hereof, the generally accepted accounting principles adopted from time to time by an enterprise for
financial reporting purposes, which may refer to U.S. GAAP, International Financial Reporting Standards (IFRS) GAAP, or other
generally accepted accounting principles adopted by a reporting enterprise. The parties agree that, in respect of any period prior to, and as
of the Closing Date, “GAAP” refers to U.S. generally accepted accounting principles. In the event that either GE or Comcast, or any
applicable members of their respective Groups, adopts a new basis of accounting other than U.S. generally accepted accounting principles,
unless otherwise mutually agreed to in writing by GE and Comcast, all information required to be prepared and provided pursuant to
Article 11 shall be prepared and provided based on GAAP as adopted by Comcast for purposes of its reporting requirements.
(ii) for purposes other than for Article 11 hereof, U.S. generally accepted accounting principles.
“ GE Auditors ” means the independent certified public accountants of GE, as may be engaged by GE from time to time.
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