Turnkey Costs definition

Turnkey Costs shall include the costs of (i) construction, (ii) space planning, architect, engineering and other related services, (iii) costs and expenses for labor, materials, building system equipment and fixtures, (iv) building permits and other taxes, fees, charges and levies by governmental and quasi-governmental agencies for permits or for inspections of the Tenant Improvements, and (v) any costs and expenses of Landlord pursuant to Section 3.6 above. Notwithstanding the foregoing, in no event shall Turnkey Costs include the costs of (w) any security, low voltage cable, telephone cable/switch handsets, relocation, technology, audio visual equipment or signage; (x) any furniture, personal property or other non-building system equipment, (y) resulting from any default by Tenant of its obligations under the Lease, or (z) costs that are recoverable or reasonably recoverable by Tenant from a third party (e.g., insurers, warrantors or tortfeasors).
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Turnkey Costs means the fees and expenses Landlord shall incur to deliver the Premises to Tenant in accordance with the Approved Plan, Building Standards and Tenant Specifications, which are summarized and attached hereto as Schedules 5A-D.
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Examples of Turnkey Costs in a sentence

  • In addition, if the Turnkey Costs are delivered for the first Prospect Well listed in II.

  • The fees and expenses of the Consultants shall be included in the Turnkey Costs.

  • In the event Tenant approves or is deemed to have approved of any such TI Change resulting from a TI Landlord Change Order Request in accordance with Section 3.6(b)(ii) below, Landlord shall be solely responsible for any and all any additional costs and expenses associated with such TI Change as part of the Turnkey Costs.

  • Conversely, if Tenant makes any changes to the Construction Documents which result in a reduction of Landlord's Turnkey Costs, Tenant shall receive a credit in form of free rent which shall not exceed ten thousand dollars ($10,000).

  • Notwithstanding the foregoing, in no event shall Turnkey Costs include the costs of (w) any security, low voltage cable, telephone cable/switch handsets, relocation, technology, audio visual equipment or signage; (x) any furniture, personal property or other non-building system equipment, (y) resulting from any default by Tenant of its obligations under the Lease, or (z) costs that are recoverable or reasonably recoverable by Tenant from a third party (e.g., insurers, warrantors or tortfeasors).

  • All costs resulting from any changes to the Construction Documents made by Tenant which result in additional costs over and above the Turnkey Costs (including, without limitation, fees and expenses of the Consultants and any increased costs of construction) shall be paid by Tenant ("Tenant's Share").