Special Rule for Swaps. (a) For purposes of computing the Capital Gain Incentive Fee, the realized capital gains with respect to swaps or derivative contracts will accrue upon realization of any net gains and losses attributable to the underlying securities constituting the reference assets of such swaps or derivative contracts upon settlement thereof, after taking into account any payments received from the counterparty thereto during the term of such swap or derivative contract.
Appears in 5 contracts
Samples: Investment Management Agreement (Great Elm Capital Corp.), Administration Agreement (Full Circle Capital Corp), Registration Rights Agreement
