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Extraction Summary
3
People
4
Organizations
0
Locations
0
Events
2
Relationships
2
Quotes
Document Information
Type:
Legal/financial document (excerpt from a private placement memorandum)
File Size:
Summary
This document is page 34 of a Private Placement Memorandum or Limited Partnership Agreement for an entity named KUE (likely KUE LLC). It defines 'Related Party Transactions' and establishes governance thresholds: transactions over $1 million involving the Principals require specific definitions, while those between $1 million and $50 million require Independent Committee or Limited Partner approval. Transactions exceeding $50 million require approval from both the Independent Committee and a majority of unaffiliated Limited Partners.
People (3)
| Name | Role | Context |
|---|---|---|
| Principals | Key Stakeholders |
Individuals whose transactions with KUE are subject to scrutiny as 'Related Party Transactions'.
|
| Investors | Stakeholders |
Mentioned in the context of ensuring amendments are not disadvantageous to them.
|
| Independent Committee | Oversight Body |
Responsible for approving compensation, benefits, and large related party transactions.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KUE |
The primary entity discussed; likely a Limited Partnership or LLC.
|
|
| KUE LLC |
Mentioned in relation to ownership of voting stock.
|
|
| General Partner |
Managing entity of the partnership.
|
|
| House Oversight Committee |
Source of the document (implied by footer).
|
Relationships (2)
Document regulates transactions between Principals and KUE to prevent conflicts of interest.
Committee must approve Principal compensation and large transactions.
Key Quotes (2)
"If the size of the related party transaction is greater than $50 million, then the transaction must be approved by both (a) the Independent Committee and (b) the holders of a majority of the Common LP Units unaffiliated with the Principals."Source
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Quote #1
"Related party transactions include transactions between (1) any of the Principals... and (2) KUE... involving more than $1 million"Source
HOUSE_OVERSIGHT_024467.jpg
Quote #2
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