definiens: means ( a ) U.S. generally accepted accounting principles, consistently applied, or ( b ) to the extent applicable, International Financial Reporting Standards as issued by the International Accounting Standards Board, 1.2 means as to a Party or to MSKCC, as applicable, any entity which, directly or indirectly, controls, is controlled by, or is under common control with such Party or MSKCC . For the purposes of this definition, refers to any of the following : ( a ) direct or indirect ownership of : 0,2 - 1 fifty percent ( SOge ) or more of the voting securities entitled to vote for the election of directors in the case of a corporation, or of fifty percent ( 50 % ) or more of the equity interest with the power to direct management in the case of any other type of legal entity ; ( b ) status as a general partner in any partnership ; or ( e ) any other alTangement where an entity possesses, directly or indirectly, the power to direct the management or policies of another entity, whether through ownership of voting securities, by contract or otherwise