Common use of GMP Batches Clause in Contracts

GMP Batches. If Senti delivers a Cancellation Notice to Provider of any GMP Batch of Product that has been assigned a Commencement Date and Target Supply Date under a Statement of Work, then the Cancellation Fees will equal the sum of the Base Cancellation Costs and the applicable additional fee calculated as follows, provided that the total amount payable will never exceed the total Services Fees for the applicable Batch: Cancellation Notice <30 calendar days 100% of Reservation Fee for cancelled Batch Cancellation Notice ≤ 90 calendar days 50% of Reservation Fee for cancelled Batch 90 calendar days < Cancellation Notice None