← All glossary terms

Leasing, Transactions, and Commercial Terms

ROFO

Right of First Offer gives the holder an opportunity to make or accept an offer before the owner markets the property or capacity to others, depending on drafting. It is useful for expansion strategy but weaker than a purchase option because pricing and acceptance may remain uncertain.

Explore more terms

Electric cooperative

Electric cooperative is member-owned and often serves rural or suburban territories. Cooperatives can be important for powered-land opportunities, but they may rely on generation and transmission cooperatives or wholesale providers for large-load supply.

Read definition →

Floodplain

Floodplain is land subject to flooding under defined frequency or mapped hazard assumptions. For data centers, floodplain exposure affects developable area, finished-floor elevation, equipment placement, insurance, resilience, and permitting.

Read definition →

Ramp schedule

Ramp schedule is the contractual or operational timeline for adding capacity or load. In data centers, ramp schedules should align utility delivery, construction phasing, equipment procurement, commissioning, customer deployment, and billing obligations.

Read definition →