definiens: shall mean any one or more business entities, which is ( are ) directly or indirectly : ( i ) owned or controlled by [COMPANY] or Hansen, ( ii ) owning or controlling [COMPANY] or Hansen, or ( iii ) owned or controlled by the business entity owning or controlling [COMPANY] or Hansen, at the relevant time . For the purposes of this definition, a business entity shall be deemed to own and/or to control another entity if more than 50 % ( fifty per cent ) of the voting stock Of the latter business entity, ordinarily entitled to vote in the election of directors ( or, if there is no such stock, more than 50 % ( fifty per cent ) of the ownership of or control in the latter business entity ) is held by and consolidated in the annual accounts of the owning and/or controlling business entity . However, only with respect to Hansen, does not include any entity that meets the foregoing definition because a Change of Control occurs or occurred with respect to a Party after the date of this Agreement