HOUSE_OVERSIGHT_024553.jpg
2.87 MB
Extraction Summary
4
People
3
Organizations
0
Locations
1
Events
2
Relationships
4
Quotes
Document Information
Type:
Legal document (limited partnership agreement or offering memorandum)
File Size:
2.87 MB
Summary
This document is page 120 of a legal agreement (stamped HOUSE_OVERSIGHT_024553) detailing the financial distribution waterfall for a partnership entity referred to as 'KUE'. It defines the priority of payments to the General Partner, Common Limited Partners, and Profits Participation Limited Partners, establishing an 8% per annum 'Preferred Return'. It also references 'KULG LLC-1' as an entity responsible for allocating profit participation units to employees and agents.
People (4)
| Name | Role | Context |
|---|---|---|
| General Partner | Management/Partner |
Has authority to determine reserves, make distributions, and override distribution provisions.
|
| Common Limited Partners | Investors/Partners |
Recipients of distributions based on capital contributions and preferred returns.
|
| Profits Participation Limited Partner | Partner |
Recipient of specific calculated distributions and holder of Profits Participation LP Units.
|
| Employees, officers, directors, consultants and agents | Beneficiaries |
Potential recipients of Profits Participation LP Units allocated by KULG LLC-1.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| KUE |
The primary entity/partnership being discussed (likely KUE Capital or similar).
|
|
| KULG LLC-1 |
Entity responsible for allocating Profits Participation LP Units to employees/agents.
|
|
| Independent Committee |
Body with authority to increase the number of Profits Participation LP Units.
|
Timeline (1 events)
Initial closing of the offering
Reference date for calculating capital contributions for converted units.
N/A
Relationships (2)
General Partner determines reserves and distributions for KUE.
KULG LLC-1 allocates units to employees/agents of KUE.
Key Quotes (4)
"Distributions will be made in the following priority"Source
HOUSE_OVERSIGHT_024553.jpg
Quote #1
""Preferred Return" means (as to a Common Limited Partner and the General Partner) an amount equal to eight percent (8%) per annum"Source
HOUSE_OVERSIGHT_024553.jpg
Quote #2
"the Limited Partnership Agreement gives the General Partner the authority to override the distribution provisions... in order to achieve the desired economic arrangement of KUE"Source
HOUSE_OVERSIGHT_024553.jpg
Quote #3
"fraction shall not exceed 2/11ths"Source
HOUSE_OVERSIGHT_024553.jpg
Quote #4
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