Common use of Pre-Existing Environmental Conditions Clause in Contracts

Pre-Existing Environmental Conditions. If Tenant desires to remediate any Pre-Existing Environmental Conditions that is necessary to develop a Data Center Facility, Tenant shall notify Landlord of such remediation, and Landlord agrees to meet with Tenant in good faith and will consider the financial calculus of the potential revenue stream in connection with utilizing Property for a Subtenant that will result in future revenues of Landlord weighted against the cost of assessment, remediation, removal, disposal, treatment, or other work and the proposed AV Rent abatement amount and amortization.

Appears in 2 contracts

Sources: Ground Lease Agreement (Fermi LLC), Ground Lease Agreement (Fermi LLC)