Common use of Systems Development Projects Clause in Contracts

Systems Development Projects. MGEN shall undertake Systems Development Projects in accordance with this Section 2.6. Either Party may determine that implementation of a New Project is advisable (and MGEN shall have a duty to bring such advisable New Projects to the attention of FNIS). Accordingly, upon the initiative of either Party, and upon reasonable notice, the Parties shall meet and confer, and exchange information concerning the potential New Project. Upon completion of such information exchange, the Parties shall conduct good faith negotiations concerning (a) the scope of Services to be provided by MGEN, and (b) the projected costs of such Services and Developments, in accordance with this Section 2.6. To the extent such Project rises to the level of a New Project, the Parties agree to execute appropriate additional New Project Scope Documents.

Systems Development Projects. MGEN shall undertake Systems Development Projects in accordance with this Section 2.6. Either Party may determine that implementation of a New Project is advisable (and MGEN shall have a duty to bring such advisable New Projects to the attention of FNISFidelity). Accordingly, upon the initiative of either Party, and upon reasonable notice, the Parties shall meet and confer, and exchange information concerning the potential New Project. Upon completion of such information exchange, the Parties shall conduct good faith negotiations concerning (a) the scope of Services to be provided by MGEN, and (b) the projected costs of such Services and Developments, in accordance with this Section 2.6. To the extent such Project rises to the level of a New Project, the Parties agree to execute appropriate additional New Project Scope Documents.