Look-Through Entity means an entity (i) that is looked through for purposes of the "closely held" test in Section 856 (h) of the Code and (ii) each beneficial owner of which would satisfy the Ownership Limit if such beneficial owner owned directly its proportionate share of the shares of Equity Stock that are held by the Look- Through Entity, which, by way of example, could include (i) a pension trust that qualifies for look-through treatment under Section 856 (h) (3) of the Code, (ii) an entity that qualifies as a regulated investment company under Section 851 of the Code, or (iii) a corporation.