definiens: shall mean any business entity controlled by a Pa rty, or which controls a Party, or which is under common control with a Party . For purposes of this d efinition, control means the direct or indirect own ership of fifty percent ( 50 % ) or more of the authorized issue d voting shares or other voting interest in such en tity, or such other relationship, including those under which the ownership interest is less than 50 %, as in fact al lows a Party to exercise effective control over the management, business and affairs of such entity or Party, as th e case may be . The Parties acknowledge that in the case of cer tain entities organized under the laws of certain c ountries outside of the United States, the maximum percentag e ownership permitted by law for a foreign investor may be less than fifty percent ( 50 % ), and that in such cas e such lower percentage shall be substituted in the preceding sentence, provided that such foreign investor has t he power to direct the management and policies of s uch entity