governing the Notes contains various nonfinancial covenants that limit KUE LLC's ability to, among other things, enter into agreements that restrict KUE LLC's subsidiaries from paying dividends or other distributions, making loans or otherwise transferring assets to KUE LLC or to any other subsidiaries, i

e used to repay existing debt of KUE LLC to entities controlled by Michael Milken. The term loan facility is fully and unconditionally guaranteed by KUE LLC's direct and indirect parents and the parent guaranty is several. Upon contribution of assets to KUE by KUE LLC, KUE will become a co- borrower. It is