definiens: means any person, corporation or other entity that is directly or indirectly controlled by, or under common control with any par ty, including but not limited to the Parties to thi s Agreement . The term, shall mean the direc t or indirect ownership of at least fifty percent ( 50 % ) of the shares or other equity interests of the subject entity entitled to vote in the election of directors, or in the case of an entity that is not a corporation, for the election of the corresponding managing authority . For the avoidance of doubt, any person or entity that is not an Affiliate of such party as of the Effective Date, but later becomes an Affiliate of such party through any transaction or series of related transactions, shall be deemed to be an Affiliate of such party as of the effective date of such transa ction or of the completion of the series of related transactions, a s may be the case, for purposes of this Agreement . For the further avoidance of doubt, all Affiliates of Licen see are bound by the terms and conditions of this A greement to the same extent as Licensee