definiens: of an entity means any other entity which ( directly or indirectly ) is controlled by, c ontrols or is under common control with such entity . For th e purposes of this definition, the term ( including, with correlative meanings, the terms and ) as used with res pect to an entity means ( i ) in the case of a corporate enti ty, direct or indirect ownership of voting securiti es entitled to cast at least fifty percent ( 50 % ) of the votes in t he election of directors or ( ii ) in the case of a n on - corporate entity, direct or indirect ownership of at least fi fty percent ( 50 % ) of the equity interests with the power to direct the management and policies of such entity, provide d that if local law restricts foreign ownership, co ntrol shall be established by direct or indirect ownership of t he maximum ownership percentage that may, under suc h local law, be owned by foreign interests