definiens: shall mean any Person, whelher de jure or de filCto, which directly or indirectly through one ( 1 ) or more intennediaries controls, is controlled by, or is under common control with, a Party to the Loan Documents . A Person shall be deemed to another Person if it ( a ) owns, direc.t!y or indirectly, beneficially or legally, at least fifty percent ( 50 % ) of the outstanding voting securities or capital stock ( or such lesser percentage which is the maximum allowed to be owned by a Person in a particular jurisdiction ) of such other Person, Or has other compal'llble O\vnership interest with EXEL # 16(l98·v4 [ ] " " Certain confidential information contained in this document, marked by bracket5, IS tiled with the Securities < lnd Exchange Commission pllrsu ~ mt to Rule 24b-2 of the Securities Exchange Act of i934, as amended