Audiovox 2012 Annual Report Download - page 173

“GAAP” shall mean generally accepted accounting principles in effect in the United States of America (or, in the case of
Foreign Subsidiaries with significant operations outside the United States of America, generally accepted accounting principles in effect
from time to time in their respective jurisdictions of organization or formation) applied on a consistent basis, subject, however, in the case
of determination of compliance with the financial covenants set out in Section 5.9 to the provisions of Section 1.3; provided, further,
that after an election by the Company to convert to IFRS, references in this Agreement to GAAP shall be deemed to refer to IFRS.
“German Guarantors” shall mean, collectively, the following (together with their respective successors and assigns): (a) Car
Communication Holding GmbH, a Gesellschaft mit beschränkter Haftung under the laws of the Federal Republic of Germany and (b)
Hirschmann Car Communication GmbH, a Gesellschaft mit beschränkter Haftung under the laws of the Federal Republic of Germany;
each sometimes being referred to herein as a “German Guarantor”.
“German Parallel Debt” shall have the meaning set forth in Section 9.31(b).
“German Security Documents” shall mean, collectively, (a) the pledges over the shares in the Foreign Borrower and the
German Guarantors, (b) the pledges over the bank accounts of the Foreign Borrower and the German Guarantors, (c), the global
security assignment of the receivables of the Foreign Borrower and the German Guarantors, (d) the security transfer of the assets of
Hirschmann Car Communication GmbH and (e) the security assignment or pledge of the IP rights (including patents) of Hirschmann Car
Communication GmbH and any other agreement or document governed by German law providing security for the claims of the Lenders
or the Administrative Agent under the Credit Agreement and the other Credit Documents.
“Government Acts” shall have the meaning set forth in Section 2.17.
“Government Obligations” shall have the meaning set forth in the definition of “Cash Equivalents.”
“Governmental Authority” shall mean the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other
entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government
(including any supra-national bodies such as the European Union or the European Central Bank).
“Guarantor” shall mean the Domestic Guarantors and the Foreign Guarantors 
“Guaranty” shall mean the guaranty of the Guarantors set forth in Article X.
20