Delivering Partner definition
Delivering Partner shall have the meaning given to such term in Section 9.2 of this Agreement.
Delivering Partner means the Person delivering the Buy/Sell Notice pursuant to this Section 9.2. Any Buy/Sell Notice delivered by Sony pursuant to this Section 9.2 shall offer to purchase the Partnership Interests of WAC and CAC and allocate the Buy Price between WAC and CAC based upon their respective Allocation Percentages. Any Buy/Sell Notice delivered by CAC pursuant to this Section 9.2 shall offer to sell the Partnership Interests of WAC and CAC and allocate the Sell Price between WAC and CAC based upon their respective Allocation Percentages. In order for a Buy/Sell Notice to be validly given pursuant to this Article IX, the Buy Price designated therein must be at least five percent (5%) greater than the Sell Price designated therein. Notwithstanding the foregoing provisions of this Section 9.2, a Partner shall not have the right to give a Buy/Sell Notice (a) if such Partner is then a Defaulting Partner, or (b) on more than one (1) occasion during any Fiscal Year. In the event of a transfer pursuant to a Buy/Sell Notice, it is the intention of the Partners that, so long as there is more than one Partner in the Partnership upon the Closing described in Section 9.5 hereof, the Partnership shall continue in existence without termination following such transfer.
Delivering Partner means the Person delivering the Buy/Sell Notice pursuant to this Section 9.2. Any Buy/Sell Notice delivered by Sony pursuant to this Section 9.2 shall offer to purchase the Partnership Interests of WAC and CAC and allocate the Buy Price between WAC and CAC based upon their respective Allocation Percentages. Any Buy/Sell Notice delivered by CAC pursuant to this Section 9.2 shall offer to sell the Partnership Interests of WAC and CAC and allocate the Sell Price between WAC and CAC based upon their respective Allocation