HOUSE_OVERSIGHT_024551.jpg

2.89 MB
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Extraction Summary

4
People
4
Organizations
1
Locations
2
Events
2
Relationships
4
Quotes

Document Information

Type: Legal document / private placement memorandum / limited partnership agreement
File Size: 2.89 MB
Summary

This document appears to be page 118 of a legal offering memorandum or partnership agreement stamped by the House Oversight Committee. It outlines the governance structure of an entity named 'KUE', detailing that the General Partner has full management control while Investors (Limited Partners) have no voting rights on business matters. It also establishes a Board of Directors for the General Partner, initially capped at 13 members, and defines specific voting privileges for Class A and Class B share holders.

People (4)

Name Role Context
Principals Management
Mentioned regarding voting thresholds; consent required from unit holders unaffiliated with the Principals.
Investors Limited Partners
Hold Common LP Units; have no voting rights on business matters.
Limited Partners Investors
Subject to the Limited Partnership Agreement.
Board of Directors Governance
Governing body of the General Partner, initially consisting of up to 13 persons.

Organizations (4)

Name Type Context
KUE
The primary entity being managed and operated by the General Partner.
General Partner
The entity managing KUE.
Independent Committee
A committee required to approve certain changes regarding Profits Participation LP Units.
House Oversight Committee
Implied by the footer stamp 'HOUSE_OVERSIGHT'.

Timeline (2 events)

Future/Conditional
First closing of the offering
Unknown
Future/Conditional
Initial Listing
Unknown

Locations (1)

Location Context
Referenced in context of 'U.S. federal income tax purposes'.

Relationships (2)

General Partner Management KUE
The General Partner will manage and operate KUE.
Outside Investor Appointment Power Board of Directors
The outside Investor... holding the greatest number of shares... will appoint two directors

Key Quotes (4)

"Investors will have no voting rights on matters affecting KUE business with respect to their Common LP Units in KUE because the Investors will be limited partners of KUE."
Source
HOUSE_OVERSIGHT_024551.jpg
Quote #1
"The holders of Class B Shares will have, in the aggregate, one more vote than the requisite legal vote required to approve particular matters."
Source
HOUSE_OVERSIGHT_024551.jpg
Quote #2
"The General Partner will have a Board of Directors initially consisting of up to 13 persons."
Source
HOUSE_OVERSIGHT_024551.jpg
Quote #3
"Equal Merger Consideration Provision"
Source
HOUSE_OVERSIGHT_024551.jpg
Quote #4

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