HOUSE_OVERSIGHT_024493.jpg
548 KB
Extraction Summary
1
People
3
Organizations
0
Locations
0
Events
1
Relationships
2
Quotes
Document Information
Type:
Financial/legal document (policy section)
File Size:
548 KB
Summary
This document is page 60 of a larger file (identified by Bates stamp HOUSE_OVERSIGHT_024493) outlining the 'Distribution Policy' for an organization. It states that the entity intends to retain earnings for growth and debt service rather than issuing distributions, subject to the discretion of the General Partner and specific financial restrictions placed on an entity named KLC, which affects KUE's ability to distribute to partners.
People (1)
| Name | Role | Context |
|---|---|---|
| General Partner | Decision Maker |
Entity with discretion to determine future distributions based on financial conditions.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| KLC |
Entity subject to credit facility and indenture limitations regarding distributions.
|
|
| KUE |
Entity that distributes to partners, dependent on distributions from KLC.
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
Key Quotes (2)
"We intend to retain any future earnings to fund working capital, debt service, acquisitions and growth and do not expect to make distributions for the foreseeable future."Source
HOUSE_OVERSIGHT_024493.jpg
Quote #1
"Limitations in the credit facility and indenture of KLC restrict distributions by KLC that could, in turn, be made available for future distributions by KUE to its partners."Source
HOUSE_OVERSIGHT_024493.jpg
Quote #2
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