OP Loss Carryforward Amount

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