SDS cancellation Clause Samples

SDS cancellation. At any point after acceptance of an SDS, FTIS shall have the right, in its reasonable discretion, to cancel such SDS, by providing written notice of cancellation to SunGard. Once SunGard receives such notice of cancellation, SunGard may request that the parties discuss the nature of the cancellation in order to determine whether, in the reasonable judgment of both parties, the cancellation would have a material effect on the schedule or budget for other SDS's or the Initial Conversion schedule. Otherwise, SunGard shall promptly unwind and discontinue work on the SDS and shall notify FTIS of the Developer Hours and Reimbursable Expenses expended with respect to such SDS prior to and after receipt of such cancellation notice. For purposes of compensation and/or allocation, such Developer Hours and Reimbursable Expenses shall then be treated as if such SDS had been completed and the associated Deliverable delivered and accepted, as of the date SunGard completes the unwinding and discontinuance of work on such SDS. If the parties determine that the cancellation would have a material effect on other SDS's or the Initial Conversion schedule, then the parties shall reasonably negotiate the terms upon which the other SDS's or the Initial Conversion schedule would be amended, and FTIS shall have the right to authorize SunGard to suspend work on such other SDS's during such negotiations. Such terms may include a modification of the schedule or budget for the other SDS's, or such other terms as may be agreeable to the parties. If the parties agree in writing on one or more amended SDS's, such amended SDS's shall be substituted for the original SDS's, and both parties will be bound by the terms of the amended SDS's. If the parties fail to agree on one or more amended SDS's, the original SDS's will remain in effect, provided that any period during which work was suspended shall be added to the schedule under such SDS's.