definiens: means, with respect to any pe rson, any corporation of which a majority of the to tal voting power of shares of stock entitled ( without r egard to the occurrence of any contingency ) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or in directly, by such person or one or more of the other subsidiarie s of such person or a combination thereof, or any p artnership, association or other business entity of which a maj ority of the partnership or other similar ownership interest is at the time owned or controlled, directly or indirectl y, by such person or one or more subsidiaries of su ch person or a combination thereof . For purposes of this definit ion, a person is deemed to have a majority ownershi p interest in a partnership, limited liability company, associ ation or other business entity if such person is al located a majority of the gains or losses of such partnership, limited liability company, association or other b usiness entity or is or controls the managing director, managing m ember, manager or general partner of such partnersh ip, limited liability company, association or other bus iness entity