definiens: means a corporation, partnership, trust, or other entity that directly, orindirectly through one or more intermediates, controls, is controlled by, or is under common control with aspecified Party or another entity but only for so long as such relationship exists . For such purposes, and shall mean the possession of the power todirect or cause the direction of the management and policies of an entity, whether through the ownership ofvoting equity, voting member or partnership interests, control of a majority of the board of directors or othersimilar body, by contract, or otherwise . In the case of a corporation or other entity, the direct or indirectownership of fifty percent ( 50 % ) or more of its outstanding voting shares or the ability otherwise to elect amajority of the board of directors or other managing authority of the entity shall in any event bepresumptively deemed to confer control, it being understood that the direct or indirect ownership of a lesserpercentage of such shares shall not necessarily preclude the existence of control