and being separately liable for its own debts due to third parties. However
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its subsidiaries and joint ventures as designated by KULG. At each
and whether certain tax elections are made by the recipients of such interests; provided
and (b) meet the definition of ""independent director"" set forth
funding capital expenditures of subsidiaries and joint
funding operating and other expenses of KUE
pursuant to Subsections (a) and (b) in proportion as follows: (a) to the Common Limited
for the Common Limited Partners and the General Partner to receive
and the General Partner in proportion to the number of Units held
for the Common Limited Partners and the General Partner to receive
and (2) KUE or any direct or indirect subsidiary or joint venture
benefits and arrangements to the Principals that do not exceed $1 million in the aggregate
including the ""Investment in Subsidiaries"" and ""Co-Invest Right' described below
and (e) admissions of any affiliate of the Principals to KUE as a Limited Partner on
unless otherwise approved by the Board of Directors and