💰 Financial Record
paymentTransaction Details
Amount
USD
$2,500,000.0
Payer (From)
Knowledge Learning Corporation
Linked to Knowledge Learning Corporation
Payee (To)
Person or entity other than a subsidiary of KUE (Potential)
Linked to KUE
Description
Management services agreement fee; if paid to outside entity, it reduces the $20M payable to KULG.
Additional Details
Date string:
Unspecified (Existing Agreement)
Amount string:
2500000
Source document:
HOUSE_OVERSIGHT_024465.jpg
📄 Source Document
HOUSE_OVERSIGHT_024465.jpg
ESTATE Collection
Document Summary
This document is page 32 of a legal agreement outlining financial and governance structures for an entity named KUE. It details a $20 million annual 'Fixed Overhead Payment' from KUE to KULG starting July 1, 2006, covering salaries and administrative costs. It also defines voting rights, establishing the General Partner as the manager while limiting the voting power of Investors (Limited Partners), except in specific amendment scenarios involving 'Class A' and 'Class B' shares.
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