definiens: shall mean any company or other lega l entity actually controlling, controlled by or und er common control with Licensee . For purposes of the d efinition of the term shall mean : ( i ) in the case of a corporate entity, the ab ility to effect the election of directors, or in th e case of a for - profit entity direct or indirect ownership of a t least a majority of the stock or participating sh ares entitled to vote for the election of directors of t hat entity, in any case coupled with active manager ial involvement and accountability for directing the bu siness and affairs of that entity ; ( ii ) in the case of a partnership, the power customarily held by a managi ng partner to direct the management and policies of such partnership, provided that such power is activ ely exercised ; or ( iii ) in the case of a joint vent ure, whether in corporate, partnership or other legal fo rm, a prevailing joint economic interest coupled wi th a managerial role entailing active direction, control and accountability with respect to the business an d affairs of the entity