definiens: . Affiliate shall mean, with respect to a person or entity, any corporation, company, partnership, join t venture or other entity which controls, is controlled by, or is under commo n control with such person or entity . For purposes of this Section 1.1 and Sectio n 1.21, shall mean ( a ) in the case of corporate entities, direct or in direct ownership of fifty percent ( 50 % ) or more of the stock or shares having the right to vote for the election of directors, and ( b ) in the case of non - c orporate entities, direct or indirect ownership of fifty percent ( 50 % ) or more o f the equity interest with the < Page > power to direct the management and policies of such non - corporate entities, provided that in either such case such person or en tity has the power to direct the management and policies of such entities, wheth er by contract or through representation on the board of directors or other g overning body of such entities