Examples of Initiating Partner in a sentence
The Partner(s) receiving such notice (the "Responding Partner," whether one or more) shall have five (5) business days within which to designate by written notice to the Initiating Partner, one or more individuals with authority to negotiate the Dispute on such Partner's behalf.
The Partner seeking to initiate the Procedure (the "Initiating Partner") shall give written notice to the other Partners, describing in general terms the nature of the Dispute, the Initiating Partner's claim for relief an identifying one or more individuals with authority to negotiate the Dispute on such Partner's behalf.
Subject to Section 8.12(c), the costs and expenses incurred in the development of Proprietary Technical Information shall be borne by the Initiating Partner and each such other Partner that elects to participate in the development of such Proprietary Technical Information ratably in proportion to their respective Percentage Interests.
Such payment shall be made as a direct reimbursement to the Initiating Partner and each Initial Participating Partner of the applicable portion of the development costs and expenses previously paid to the Partnership by the Initiating Partner and the Initial Participating Partner.
The Seller, in addition to its other rights hereunder shall be entitled to retain the Deposit as liquidated damages, and the non-defaulting Partner shall have the right to acquire the applicable Property for a purchase price equal to ninety five percent (95%) of the Purchase Price originally set forth by the Buy/Sell Initiating Partner.