Retained Amount. Means, for any Earnout Period, without duplication, the sum of the following amounts for each Purchased Alternative Asset that is the subject of a Disposition during such Earnout Period, calculated as of the last day of such Earnout Period: (a) the Custody Trust's Adjusted Capital Contribution with respect to such Purchased Alternative Asset and, if any, other Realized Investments not previously accounted for as Retained Amounts if such amount is concurrently distributed to the Custody Trust
... by Buyer; plus (b) an amount necessary for the Custody Trust to have achieved an IRR of 12.5% with respect to such Purchased Alternative Asset and, if any, other Realized Investments not previously accounted for as Retained Amounts if such amount is concurrently distributed to the Custody Trust by Buyer; plus (c) 50% of all Available Cash attributable to such Purchased Alternative Asset, if any, remaining after deducting 100% of the Retained Amounts calculated pursuant to the preceding clauses (a) and (b), until the Custody Trust would have achieved an IRR of 18.75% with respect to such Purchased Alternative Asset and, if any, other Realized Investments not previously accounted for as Retained Amounts if (i) 100% of such Retained Amount pursuant to this clause (c) and (ii) 100% of the Retained Amounts calculated pursuant to the preceding clauses (a) and (b) are concurrently distributed to the Custody Trust by Buyer; plus (d) 25% of all Available Cash attributable to such Purchased Alternative Asset, if any, remaining after deducting the sum of (i) 100% of the Retained Amounts calculated pursuant to the preceding clauses (a) and (b), plus (ii) 200% of the Retained Amounts calculated pursuant to the preceding clause (c), until the Custody Trust would have achieved an IRR of 25% with respect to such Purchased Alternative Asset and, if any, other Realized Investments not previously accounted for as Retained Amounts if (x) 100% of such Retained Amount pursuant to this clause (d) and (y) 100% of the Retained Amounts calculated pursuant to preceding clauses (a), (b) and (c) are concurrently distributed to the Custody Trust by Buyer; plus (e) 12.5% of all Available Cash attributable to such Purchased Alternative Asset, if any, remaining after deducting the sum of (i) 100% of the Retained Amounts calculated pursuant to the preceding clauses (a) and (b), plus (ii) 200% of the Retained Amounts calculated pursuant to the preceding clause (c), plus (iii) 400% of the Retained Amounts calculated pursuant to the preceding clause (d); provided, however, that, during a Delisting Period, the Retained Amount shall equal the sum of the Liquidated Percentage of the aggregate amount calculated pursuant to the preceding clauses (a) through (e) (the "Base Retained Amount") plus: (i) if the Delisting Period first commences on or before the 18-month anniversary of the Closing Date, zero dollars; (ii) if the Delisting Period first commences after the 18-month anniversary of the Closing Date but on or before the 30-month anniversary of the Closing Date, 40% of the product of (A) the Remaining Percentage and (B) the Base Retained Amount; and 5 (iii) if the Delisting Period first commences after the 30-month anniversary of the Closing Date but on or before the 36-month anniversary of the Closing Date, 60% of the product of (A) the Remaining Percentage and (B) Base Retained Amount.
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