definiens: means, with respect to either Party, any person or entitycontrolling, controlled by, or under common control with such Party . For thepurposes of this Section 1.1 only, means ( a ) the possession, directlyor indirectly, of the power to direct the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, or(b ) the ownership, directly or indirectly, of at least fifty percent ( 50 % ) ( or, if less, the maximum ownership interest permitted by law ) of the votingsecurities or other ownership interest of a Person ; provided that, if local lawrequires a minimum percentage of local ownership in excess of fifty percent(50 % ), then control will be established by direct or indirect beneficialownership of one hundred percent ( 100 % ) of the maximum ownership percentage thatmay, under such local law, be owned by foreign interests