; or (B) the amount obtained using the formula described in paragraph (1), except that the number in subparagraph (A)(ii) of such paragraph shall be— (i) .7 for a nonprofit organization with not more than 50 full-time employees as of February 15, 2020; and (ii) .2 for a nonprofit organization with not fewer than 50 and not more than 500 full-time employees as of February 15, 2020. (4) Prohibition on forgiveness Any covered loan made to an eligible recipient that is publicly traded, is a nonprofit organization described in section 501(c)(7) of the Internal Revenue Code, or is an eligible recipient described in subsection (f)(7)(D) shall not be eligible for loan forgiveness under this subsection. (5) Limitation on amount of forgiveness (A) In general The amount of all covered loans made to an eligible recipient that may be forgiven under this subsection shall not exceed the total losses incurred by the eligible recipient in the taxable year 2020. (B) Application of related party payments The Secretary shall issue regulations that provide that, for purposes of the loss calculation under subparagraph (A)— (i) with respect to an eligible recipient of a covered loan with not fewer than 500 full-time employees, related party transactions are prohibited from counting toward the loss calculation