definiens: shall mean, with respect to a Party, any Person t hat controls, is controlled by, or is under common control with that Party . For the purpo se of this definition, or me ans, direct or indirect, ownership of fifty percent ( 50 % ) or mo re of the shares of stock entitled to vote for the election of directors in the case of a corporation or fifty per cent ( 50 % ) or more of the equity interest in the ca se of any other type of legal entity ; status as a general partner i n any partnership ; or any other arrangement whereby the Person controls or has the right to control the board of d irectors or equivalent governing body of a corporat ion or other entity or the ability to cause the direction of the management or policies of a corporation or other e ntity . The Parties acknowledge that in the case of entities organized under the laws of certain countries where the maxim um percentage ownership permitted by law for a foreign investor is less than fifty percent ( 50 % ), such lo wer percentage shall be substituted in the preceding se ntence, provided that such foreign investor has the power to direct the management and policies of such entity