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Leasing, Transactions, and Commercial Terms

Conditions precedent

Conditions precedent are events or requirements that must occur before a party is obligated to close, perform, or commence payment. Data center transactions often condition obligations on power, zoning, permits, title, environmental, and financing milestones.

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Power factor

Power factor is the ratio of real power to apparent power. A lower power factor means more current is needed to deliver the same useful kW, which can affect utility charges, transformer loading, conductor sizing, and conversion between kVA and kW.

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WOTUS

Waters of the United States is a federal jurisdictional concept used in Clean Water Act programs. Whether a water or wetland is jurisdictional can determine whether federal permitting is needed for dredge or fill activities.

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Transformer

A transformer changes AC voltage from one level to another and is a core bottleneck for large-load service. Transformer ratings, impedance, cooling class, lead time, losses, redundancy, and fault-current contribution all matter for data center feasibility.

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