Loss Carryforward Amount

Loss Carryforward Amount. Shall initially equal zero and shall cumulatively increase by the absolute value of any negative annual Total Return and decrease by any positive annual Total Return, provided that the Loss Carryforward Amount shall at no time be less than zero and provided further that the calculation of the Loss Carryforward Amount will exclude the Total Return related to any Performance Shares repurchased during such year, which Performance Shares will be subject to the Performance Fee upon such repurchase... as described in Section 10(b). View More