…Account will be subject to a reduced Incentive Allocation (the "Reduced Incentive Allocation") in respect of net capital appreciation allocated to it for a fiscal year (or such other period as of which the Incentive Allocation is calculated) (each such period, an "Unrecovered Loss Year"). Thus, a Limited Partner may be subject to a Reduced Incentive Allocation even though past allocations of net capital depreciation have not yet been fully recovered. The Reduced Incentive Allocation will continue to be allocable…