definiens: means any Person that, directly or indirectly, controls, is controlled by or is under common control with a Party . For thepurposes of this Section 1.2, the word ( including, with correlative meaning, the terms or ) means theactual power, either directly or indirectly through one or more intermediaries, to direct the management and policies of such entity, whether by theownership of more than ﬁfty percent ( 50 % ) of the voting securities of such entity, by contract or otherwise . The Parties acknowledge that in the case ofcertain entities organized under the laws of certain countries outside of the United States, the maximum percentage ownership permitted by law for aforeign investor may be less than ﬁfty percent ( 50 % ), and that in such case such lower percentage shall be substituted in the preceding sentence, provided that such foreign investor has the power to direct the management and policies of such entity