definiens: shall mean ( i ) any corporation or business entity of which fifty percent ( 50 % ) or more of the securities or other ownership interests represe nting the equity, the voting stock or general partnership interest are owned, controlled or held, directly or indirectly, by [COMPANY] or [COMPANY] ; or ( ii ) any corporation or business entity which, directly or i ndirectly, owns, controls or holds fifty percent ( 5 0 % ) ( or the maximum ownership interest permitted by law ) or more of the securities or other ownership interests representing the equity, the voting stock or, if applicable, the general partnership interes t, of [COMPANY] or [COMPANY] ; or ( iii ) any corporation or busine ss entity of which fifty percent ( 50 % ) or more of t he securities or other ownership interests representin g the equity, the voting stock or general partnersh ip interest are owned, controlled or held, directly or indirectly, by a corporation or business entity described in ( i ) or ( ii )