Distribution priority waterfall: 1. Return of Capital, 2. Preferred Returns and Profits Participation, 3. Catch-up for Profits Participation, 4. Pro-rata distribution.
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.
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