💰 Financial Record
paymentTransaction Details
Amount
USD
$1,000,000.0
Payer (From)
KUE
Linked to KUE
Payee (To)
The Principals
Linked to The Principals
Description
Compensation cap exemption: Compensation/benefits to Principals not exceeding $1 million annually do not require Independent Committee approval.
Additional Details
Date string:
Annual (Recurring)
Amount string:
1000000
Source document:
HOUSE_OVERSIGHT_024467.jpg
📄 Source Document
HOUSE_OVERSIGHT_024467.jpg
ESTATE Collection
Document 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.
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