definiens: means with respect to a particular Party, any Person that, whether in fact or Law, directly or indirectly owns, is owned by or is under common ownership with such Party to the extent of more than fifty percent ( 50 % ) of the voting equity ( or such lesser percentage which is the maximum allowed to be owned by a foreign corporation in a particular jurisdiction ) having the power to direct the affairs of the Person, or any Person actually controlled by, controlling or under common control with a Party . As used in this Section 1.2, a Person controls another Person ( or is controlled by or under common control with another DOCSPNW 1 : 21440.6 11911 - 24 ASG Person ) if a Person has the actual ability to control and direct the management of the other Person, whether by contract or otherwise . Notwithstanding the foregoing, no affiliate created, incorporated, formed or acquired, by operation of law or otherwise, by or on behalf of a Party foHowing the Effective Date shall be considered an Affiliate hereunder until such Party provides written notice to the other Party of the existence and identity of such Affiliate . As used in this Agreement, any grant ofrights to an Affiliate of one Party shall remain in effect only for so long as they remain an Affiliate of such Party