which any Portfolio Security that has previously been written down is subsequently written up in accordance with GAAP with the approval of the Advisory Committee.
Investment Company Act means the Investment Company Act of 1940, as amended.
Investment Period means the penod commencing on the date of the Initial Closing and ending on the fourth anniversary of the Final Closing Date unless earlier terminated pursuant to this Agreement. The Investment Penod shall terminate upon the written election of (a) two-thirds in Interest of the Limited Partners after an event of Malfeasance or (b) Limited Partners holding 80% or more of the Lmited Partners' Voting Interest The Investment Period will automatically terminate upon the occurrence of any of the events listed in Section 18.3.
Limited Partner means any Person that is a limited partner of the Partnership at the time of reference thereto, in each such Person's capacity as a limited partner of the Partnership.
Majority in Interest of the Limited Partners means Limited Partners holding more than 50% of the Limited Partners' Voting Interests.
Malfeasance means conduct of the General Partner or Managing Directors in performing their duties under this Agreement constituting (a) gross negligence, fraud, willful misconduct, or misappropriation, a breach of fiduciary duty or a matenal violation of the Agreement (in each case as determined by a court of competent junsdiction or an arbitration panel convened pursuant to Section 20.13), (b) a felony involving (l) fraud, misappropriation or similar offenses, or (n) a term of impnsonment of five years or more, or (c) a willful violation of the substantive provisions of any federal or state secunties law that has a matenal adverse affect on the Partnership or the ability of the General Partner to perform its matenal obligations to the Partnership.
Managing Directors means (l) initially,_______________________________ , and (u) each other Person who is approved as a substitute or additional Managing Director by Two-thirds in Interest of the Limited Partners.