definiens: means, with respect to a specified Part y, any Person that directly or indirectly controls, is controlled by, or is under common control with that Party . For the purpose of this definition, or means direct or indirect ownership of 50 % or more of the shares of stock entitled to vote for the election of directors in the case of a corporation, status as a general partner in any partnership, ow nership of 50 % or more of the entity ’s equity interest in the case of any other type of legal entity, or any other ar rangement whereby the Person controls or has the right to con trol the board of directors or equivalent governing body of a corporation or other entity or the ability to other wise cause the direction of the management or polic ies of the corporation or other entity . The Parties acknowledg e that, in the case of entities organized under the Applicable Laws of certain countries where the maximum percent age ownership permitted by Applicable Law for a for eign investor is less than 50 %, that lower percentage wi ll be substituted in the preceding sentence if the foreign investor has the power to direct the management and policies of that entity