Emu XL-7 & MP-7 User's Group

Hey all, 

I recently got a MP7. I'm trying to use it as a MIDI sequencer to send clock to my Waldorf Microwave. I have connected them and when I hit the pads on the MP7 I hear sound through the Waldorf. But when I try to play a pattern into it I get nothing. My settings are: 

MIDI:
Base Tempo: 120
Chained Patterns: Keep Constant Tempo
Rechannelize Input: Always(?)
Keyboard outputs MIDI: Transmit
Knobs Output MIDI: Transmit
Transmit MIDI Clock: Off
External Song Start/Stop: Accepted
Merge MIDI In to Out: A:Off B:Off
MIDI In Channels: 1-16:A
MIDI Enable:On on all channels
Receive Program Change: On on all channels


Any ideas what I'm doing wrong? 

Thanks in advance for any help