Common use of SCHEDULES AND FORECASTS Clause in Contracts

SCHEDULES AND FORECASTS. (a) Federal shall furnish the Schedule to Hawker, throughout the term of this Agreement, which Schedule shall provide a six-month forecasting of the Standard Overhaul Services of Federal's Equipment based on Federal's best estimates. Federal shall have the right to amend and periodically update the Schedule and to add any Services to the Schedule at any time. It is expressly agreed and understood that such Schedule is only an estimate, and Federal may, in its sole discretion, delete any item of Services contained in the Schedule, or delay or cancel Delivery of any Equipment for Services upon written notice to Hawker, without obligation or penalty. (b) Hawker shall provide to Federal's Procurement and Component Vendor Management Departments a weekly status report of the current Schedule which shall provide current information concerning all of the Services provided by Hawker during the week preceding such status report.