definiens: means with respect to a Party : ( a ) any corporation or business entity of which more than fifty percent(50 % ) of the securities or other ownership interests representing the equity, the voting stock or general partnershipinterest are owned, controlled or held, directly or indirectly, by a Party ; ( b ) any corporation or business entity which, directly or indirectly, owns, controls or holds more than fifty percent ( 50 % ) ( or the maximum ownership interestpermitted by law ) of the securities or other ownership interests representing the equity, voting stock or generalpartnership interest of a Party ; ( c ) any corporation or business entity of which, directly or indirectly, an entitydescribed in the immediately preceding subsection ( b ) controls or holds more than fifty percent ( 50 % ) ( or themaximum ownership interest permitted by law ) of the securities or other ownership interests representing the equity, voting stock or general partnership interest of such corporation or entity ; or ( d ) any corporation or business entity ofwhich a Party has the right to acquire, directly or indirectly, more than fifty percent ( 50 % ) of the securities or otherownership interests representing the equity, voting stock or general partnership interest thereof . For clarity, Aqua is, as of the Execution Date, an Affiliate of [COMPANY], but for the purposes of this Agreement has a direct contractualrelationship with [COMPANY], such that all obligations on [COMPANY] with regard to the U.S. are to be treated as beingdirectly on Aqua, with Aqua being directly liable to [COMPANY] with respect to Aqua ’ s compliance with the terms of thisAgreement . With the exception of Article 2.1 and 4, and only as appropriate to the context, references to [COMPANY] inthis Agreement in the Territory shall be deemed to be references to [COMPANY] in Europe and to Aqua in U.S. for so longas Aqua remains an Affiliate, as defined above, of [COMPANY] . The Parties agree that, upon Aqua no longer being anAffiliate of [COMPANY], Aqua ’s rights and obligations under this Agreement shall automatically terminate, such right beingautomatically assigned to [COMPANY], all references to Aqua under this Agreement shall be deemed to be references toAlmirall, and [COMPANY] shall be deemed the sole party to this Agreement other than [COMPANY] and responsible for theperformance of all obligations of [COMPANY] under, and compliance with, this Agreement