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.
| Name | Role | Context |
|---|---|---|
| Principals | Key Stakeholders |
Individuals whose transactions with KUE are subject to scrutiny as 'Related Party Transactions'.
|
| Investors | Stakeholders |
Mentioned in the context of ensuring amendments are not disadvantageous to them.
|
| Independent Committee | Oversight Body |
Responsible for approving compensation, benefits, and large related party transactions.
|
| Name | Type | Context |
|---|---|---|
| KUE |
The primary entity discussed; likely a Limited Partnership or LLC.
|
|
| KUE LLC |
Mentioned in relation to ownership of voting stock.
|
|
| General Partner |
Managing entity of the partnership.
|
|
| House Oversight Committee |
Source of the document (implied by footer).
|
"If the size of the related party transaction is greater than $50 million, then the transaction must be approved by both (a) the Independent Committee and (b) the holders of a majority of the Common LP Units unaffiliated with the Principals."Source
"Related party transactions include transactions between (1) any of the Principals... and (2) KUE... involving more than $1 million"Source
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