definiens: means ( i ) any minority equity investment by any GEHCControlled Subsidiary in any Person ( A ) in which GEHC Controlled Subsidiaries collectively hold not morethan thirty - five percent ( 35 % ) of the outstanding voting securities or similar equity interests, to the extentsuch equity interests do not give the GEHC Controlled Subsidiaries the right to designate a majority ( or suchhigher amount constituting a Controlling number ) of the members of the board of directors ( or similargoverning body ) of such Person, or ( B ) in which the amount invested by the GEHC Controlled Subsidiariescollectively is less than $ 20,000,000, ( ii ) any business activity that would otherwise violate Section 2(a ) thatis carried on by an After - Acquired Business or an After - Acquired Company, but only if, the revenuesderived from the Restricted Activities by such After - Acquired Business or After - Acquired Company, at thetime of such acquisition or at any time during the eighteen ( 18 ) month period thereafter, constitute less thanthirty - five percent ( 35 % ) of the gross revenues of such After - Acquired Business or After - AcquiredCompany for the most recently completed fiscal year, or ( iii ) any business activity conducted by GEHCControlled Subsidiaries that is ancillary to the conduct of their principalC-1businesses, it being understood that the Restricted Activities will be deemed ancillary to a principal businessif the Restricted Activities are not conducted as a separate profitable business offering and comprise notmore than twenty percent ( 20 % ) of the value measured by the net profit of the business activities of which itforms a part