definiens: means any corporation or other entity that is directly or indirectly controlling, controlled by or under the common control with a party . For the purpose of this Agreement, means ( a ) the direct or indirect beneficial ownership of at least fifty percent ( 50 % ) of the voting securities or any other equity interest of the subject entity entitled to vote in the election of directors ( or in the election of persons perfonning functions similar to those perfonned by directors or otherwise the corresponding managing authority ), or ( b ) at least a fifty percent ( 50 % ) interest in the net assets or profits of a partnership or other business organization without such voting securities or equity interest, or ( c ) the direct or indirect possession of the power to direct the management, policies and general business activities of the subject entity ; in each case ( a ), ( b ) or ( c ), only for so long as such control exists and provided that, if local law restricts the maximum ownership interest of foreign interests to less than fifty percent ( 50 % ), control will be established by direct or indirect beneficial ownership of one hundred percent ( 100 % ) of the maximum ownership percentage that may be owned by foreign interests under such local law