interests in co-investment vehicles, joint ventures, or similar arrangements. (ii) Any entity which is directly or indirectly controlled, directed, or materially influenced by any entity described in subparagraph (B). (iii) Any entity for which the actions, management, ownership, or operations of such entity are subject to the direct influence of an entity described in subparagraph (B). (iv) Any entity for which an interest in such entity is held by an entity described in subparagraph (B) (referred to in this clause as the beneficiary firm ) as a derivative financial instrument or through a contractual arrangement between the beneficiary firm and such entity, including any financial instrument or other contract between the beneficiary firm and the entity which seeks to replicate any financial return with respect to such entity or interest in such entity. (D) Debt or other arrangements with foreign adversary parties (i) In general An entity is described in this subparagraph if, as a result of any prohibited obligation or arrangement— (I) the actions, management, or operations of such entity are subject to the direct or indirect influence of 1 or more entities described in subparagraph (B) or (C), or (II) such entity provides a substantial benefit to 1 or more entities described in subparagraph (B) or (C). (ii) Prohibited obligation or arrangement For purposes of this subparagraph, the term prohibited obligation or arrangement means any— (I) debt, (II) lease or sublease arrangement, (III) management or operating arrangement, (IV) contract manufacturing arrangement, (V) license or sublicense agreement, or (VI) financial derivative. (iii) Exception For purposes of clause (i)(II), the purchase of equipment or manufacturing inputs in an arm's-length transaction shall not, in and of itself, be deemed to provide a substantial benefit. (E) Other definitions For purposes of this paragraph— (i) Control The term control has the meaning given in section 800.208 of title 31, Code of Federal Regulations (as in effect on the