definiens: means, with respect to any Person, any corporation, partnership, association or other businessentity of which ( i ) if a corporation, a majority of the total voting power of shares of stock entitled ( without regard to theoccurrence of any contingency ) to vote in the election of directors, managers or trustees thereof is at the time ownedor controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or acombination thereof, or ( ii ) if a partnership, association or other business entity, a majority of the partnership or othersimilar ownership interests thereof is at the time owned or controlled, directly or indirectly, by any Person or one ormore Subsidiaries of that Person or a combination thereof . For purposes hereof, a Person or Persons will be deemedto have a majority ownership interest in a partnership, association or other business entity if such Person or Personswill be allocated a majority of partnership, association or other business entity gains or losses or will be or control themanaging director, managing member, general partner or other managing Person of such partnership, association orother business entity . For purposes of this Agreement, the JV will not be deemed to be a Subsidiary of Savsu or BLS