Comcast 2010 Annual Report Download - page 224

investment purposes, investments for the benefit of third party and client accounts, credit card products or services, vendor financing and trade
payables services, back-office billing, processing, collection and administrative services or products or services related or ancillary to any of the
foregoing.
“ Percentage Interest ” means, at any time with respect to a Person who is a Member or a HoldCo Shareholder but is not HoldCo, a
Subsidiary of HoldCo, or the Company, such Person’s “aggregate percent membership interest” divided by the “residual percentage,” in each
case calculated at such time, where:
(i) “aggregate percent membership interest” shall mean, with respect to a Person who is a Member or a HoldCo Shareholder but is
not HoldCo, a Subsidiary of HoldCo, or the Company, the sum of (A) such Person’
s Membership Percentage and (B) the product of (x) the
aggregate Membership Percentages of HoldCo and its Subsidiaries and (y) such Person’s “HoldCo interest”;
(ii) “HoldCo interest” shall mean, with respect to a HoldCo Shareholder, the number of HoldCo Shares directly owned by such
HoldCo Shareholder divided by the aggregate number of HoldCo Shares directly owned by all HoldCo Shareholders; and
(iii) “residual percentage” shall mean the residual of (A) one minus (B) the product of (x) the aggregate Membership Percentages of
HoldCo and its Subsidiaries and (y) the Company’s “HoldCo interest.”
For purposes of this Agreement, (i) reference to “GE’s Percentage Interest” shall include Percentage Interests held by wholly-owned
Subsidiaries of GE other than HoldCo and its Subsidiaries and (ii) in order to avoid double counting, the Percentage Interests of HoldCo
and its Subsidiaries are deemed to be zero.
“ Person ” means any natural person, joint venture, general or limited partnership, corporation, limited liability company, trust, firm,
association or organization or other legal entity.
“ Profit ” and “ Loss ” means, for each Tax Year, an amount equal to the Company’s taxable income or loss for such Tax Year,
determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss, or deduction required to be stated
separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss), but with the following adjustments:
(i) Any income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Profit or
Loss shall be added to such taxable income or loss;
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