First CP Client Accounts definition

First CP Client Accounts means the accounts of all Clients, as of the date of determination (including any Buyer Clients contributed to the Acquired Business), other than (a) the portion of such accounts that, as of the end of the First Evaluation Period, are invested in any products contributed to the Acquired Business by Buyer or any of its Affiliates as set forth on Section 1.1(b) of the Disclosure Schedules (which may be updated by Buyer prior to Closing) and (b) the portion of such accounts as of the end of the First Evaluation Period that are invested in Diversified Private Equity Portfolio IV.