definiens: means ( i ) any corporation or business entity of wh ich fifty percent ( 50 % ) ( or the maximum ownership interest permitted by law ) or more of the securities or other ownership interests representi ng the equity, the voting stock or general partnership int erest are owned, controlled or held, directly or in directly, by a Party ; or ( ii ) any corporation or business ent ity which, directly or indirectly, owns, controls o r holds fifty percent ( 50 % ) ( or the maximum ownership inter est permitted by law ) or more of the securities or other ownership interests representing the equity, the voting stock or, if applicable, the general par tnership interest, of a Party ; or ( iii ) any corporation or business entity of which fifty p ercent ( 50 % ) ( or the maximum ownership interest permitted by law ) or more of the securities or other ownership interests representi ng the equity, the voting stock or general partnership int erest are owned, controlled or held, directly or in directly, by a corporation or business entity described in ( i ) or ( ii )