definiens: shall mean, with respect to a Party, any corporation or otherbusiness entity that, directly or indirectly, through one or more intermediaries, controls, iscontrolled by, or is under conUTIoncontrol with such Party . For purposes of this defll1ition, and, with correlative meanings, the terlllS and shall mean ( a ) the possession, directly or indirectly, of the power to direct the managementor policies of a business entity, whether through the ownership of voting securities, by contractrelating to voting rights or corporate governance, or otherwise, or ( b ) the ownership, directly orExecution Draft : 07125/01 -I - indircctly, of at least fifty percent ( 50 % ) of thc voting sccurities or other ownership interest of abusiness cntity ( or, with respect to a limited partnership or other similar entity, its general partneror controlling entity ) ; provided that, if local law restricts foreign ownership, control will beestablished by direct or indirect ownership of the maximum ownership percentage that may, under such local law, be owned by foreign interests