definiens: ( including, with correlative meanings, the terms and ) as used with respect to a Person means ( a ) in the case of acorporate entity, direct or indirect ownership of voting securities entitled to cast more than fiftypercent ( 50 % ) of the votes in the election of directors, ( b ) in the case of a non - corporate entity, direct or indirect ownership of more than fifty percent ( 50 % ) of the equity interests with the powerto direct the management and policies of such entity, or ( c ) any other arrangement- 1 -whereby a Person controls or has the right to control the board of directors or equivalentgoverning body or management of a corporation or other entity ; provided that, if local ApplicableLaw restricts foreign ownership, control shall be established by direct or indirect ownership of themaximum ownership percentage that may, under such local Applicable Law, be owned byforeign interests