definiens: shall mean any corporation or other form of limited liability legal person, partn ership, or other form of business entity controlled by, controlling or under common control with a Party hereto . As use d herein, the word and root in the context of a cor poration shall mean the ownership, directly or indi rectly, of fifty percent ( 50 % ) or more of the voting shares or other equity interests entitled to vote in the ele ction of Directors to the Board of Directors of the corporat ion ; and, in the context of any other form of busin ess entity, the right to receive fifty percent ( 50 % ) or more of the net profits of such entity plus the right to a t least a fifty percent ( 50 % ) interest in the management and contro l of such entity ; provided that, if the country of incorporation of such limited liability legal perso n or the country of domicile of the other form of b usiness entity requires that foreign ownership be less than fifty percent ( 50 % ), the maximum permitted percentage of foreign ownership shall be substituted in this Section 1.1 for fifty percent ( 50 % )