HOUSE_OVERSIGHT_024557.jpg
2.98 MB
Extraction Summary
4
People
4
Organizations
0
Locations
1
Events
2
Relationships
4
Quotes
Document Information
Type:
Legal document / private placement memorandum (excerpt)
File Size:
2.98 MB
Summary
This document is a page from a legal agreement, likely a Private Placement Memorandum or Partnership Agreement, concerning an entity named 'KUE' and 'KUE LLC'. It outlines provisions for the sale or listing of the entity within nine years, ensures equal consideration for Investors and Principals during mergers (Section 14.14), and establishes strict governance and approval thresholds for 'Related Party Transactions' involving the Principals (Section 14.15). The document bears a House Oversight Committee Bates stamp.
People (4)
| Name | Role | Context |
|---|---|---|
| The Principals | Owners/Managers |
Primary stakeholders acting through KUE LLC; subject to related party transaction rules.
|
| Investors | Limited Partners |
Holders of Common LP Units; protected by equal merger consideration provisions.
|
| Independent Committee | Oversight Body |
Authorized to determine sale of KUE, define corporate restructuring, and approve related party transactions.
|
| Board of Directors of the General Partner | Governance Body |
Bound by the Independent Committee regarding sale decisions.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KUE |
The primary entity subject to sale, listing, or restructuring (likely a Limited Partnership).
|
|
| KUE LLC |
Entity through which 'The Principals' hold their interest.
|
|
| General Partner |
The managing entity of the partnership.
|
|
| House Oversight Committee |
Source of the document (indicated by Bates stamp HOUSE_OVERSIGHT_024557).
|
Timeline (1 events)
Within 9 years of first investor admission
Relationships (2)
Text states 'The Principals (through KUE LLC)'
A majority vote of the Independent Committee... shall be binding on the Board of Directors
Key Quotes (4)
"In the event that a sale of KUE or an Initial Listing has not occurred within nine years from the date the first Investors are admitted to KUE, the Independent Committee shall determine whether to pursue a sale of KUE"Source
HOUSE_OVERSIGHT_024557.jpg
Quote #1
"The Principals (through KUE LLC) and the Investors will receive the same consideration per Common LP Unit"Source
HOUSE_OVERSIGHT_024557.jpg
Quote #2
"Related party transactions include transactions between (1) any of the Principals... and (2) KUE... involving more than $1 million"Source
HOUSE_OVERSIGHT_024557.jpg
Quote #3
"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
HOUSE_OVERSIGHT_024557.jpg
Quote #4
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