1.1.1. Affiliate

1.1.1. Affiliate. In relation to a Party, means any entity or person which directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with that Party. For the purposes of this definition, control shall mean direct or indirect beneficial ownership of 50% (or, outside a Party's home territory, such lesser percentage as is the maximum, permitted level of foreign investment) or more of the share capital, stock or other participating interest carrying the... right to vote or to distribution of profits of that entity or person, as the case may be. View More