Status as a Qualified Entity/Qualified Trust and “Participating Stockholder”. As of the date hereof, (i) such Partner is a Qualified Entity or Qualified Trust of Xxxxx X. Xxxxxx or of a member of a Family Group and no event has occurred that would cause such Partner to become a Former Partner and (ii) such Partner is a Participating Stockholder of each Company in which the Partnership owns Class B Shares and no event has occurred that would cause such Partner, upon the lapse of time or the receipt of notice, or both, to cease to be a Participating Stockholder in each such Company. As of the date on which any Authorized Transferee becomes a Partner, such Partner shall be deemed to make the representations contained in the preceding sentence.
