Turnkey Clause Samples

Turnkey. Provided this Lease has been executed by both the Tenant and the Landlord on or before September 23, 2009, the Landlord will, at its sole cost and expense, construct the Tenant’s Leasehold Improvements (the “Turnkey”) in accordance with a space plan and a leasehold finishes plan detailing the layout, quality and colour of the finishes. Such plans will be approved by the Tenant no later than the date on which this Lease is executed by the Tenant in a form acceptable by the Landlord, provided the Tenant is given a minimum of three (3) business days to review and approve such plans. The Landlord will secure a fixed price contract for the Turnkey in an amount (the “Turnkey Price”) equal to not more than Thirty Dollars ($30.00) per square foot of the Rentable Area of the Premises. The Turnkey Price will include all costs associated with completing the Turnkey, including but not limited to, the cost of constructing the Leasehold Improvements, the associated design, engineering, consulting and permit fees, and the Landlord’s project management fee in an amount equal to five percent (5%) of the cost of the Turnkey. In the event the Turnkey can be completed by the Landlord in an amount for less than the Turnkey Price, the Landlord will credit the Tenant with the difference to the Tenant’s account against Rent first due and payable by the Tenant pursuant to this Lease. The Landlord will obtain quotations from three (3) general contractors for the Turnkey within seven (7) days following the completion of the final architectural, mechanical and engineering drawings. The Landlord will select the contractor within three (3) days following the receipt of such quotations, subject to the approval of the Tenant, acting reasonably. The Turnkey will be substantially complete on or before January 31, 2010, subject to delays caused by the Tenant and/or delays resulting from events that are beyond the reasonable control of the Landlord. The scope of the work for the Turnkey shall include, but not limited to, the following: (a) demolish the existing improvements and construct new improvements in the Premises as per the space plan attached hereto as Schedule “B-1”; (b) install new carpet in the Premises, in a colour to be selected by the Tenant from the Landlord’s standard samples for the Building, to all areas without hardwood floors;

Turnkey. The payment terms and conditions specified in a Turnkey contract shall supersede any contrary provisions of this Accounting Procedure. The terms of any Turnkey contract proposed by AME shall be consistent with the most favorable terms available in the locale from comparable operators.

Turnkey. The Landlord shall deliver to the Tenant the Premises on a turnkey basis whereby the Landlord will complete the Tenant's Leasehold Improvements, the terms and specifications of which will be identified and agreed to by the Landlord and Tenant, which include, but are not limited to, the terms and conditions set forth in Schedule "F" provided that in no event, unless otherwise agreed in writing by the Landlord, shall the contribution of the Landlord for the Tenant's Leasehold Improvements exceed the amount set forth in Scehedule "F". The quality of the Leasehold Improvements to be made by the Landlord for the Premises will be equivalent to the improvements made by or for the Landlord for the space occupied by Mortice Kern Syste▇▇ ▇nc. in UniPark III. The Tenant's specifications for the Leasehold Improvements for the Premises will be delivered to the Landlord within seven (7) business days following the execution of this Lease.

Turnkey. The Contractor shall provide all labor, materials, equipment, tools and services necessary, and to do everything required by this Agreement and by the Contract Documents, as necessary to complete all Work required for the Project.