Secondary Units definition

Secondary Units meansthose units which take wood from primary units for further storage and processing such as mills that produce

Secondary Units means additional units developed in existing buildings or ancillary structures consistent with the definition for Secondary Units as per the Development Charges Act, as amended,

Secondary Units means a dwelling unit, whether contained within a single detached dwelling, a semi-detached dwelling or a multiple dwelling, or ancillary to a single detached dwelling, a semi- detached dwelling or a multiple dwelling including but not limited to a stand-alone structure (i.e. coach house or laneway suite) or structure constructed above an existing garage or other structure separate from the primary dwelling unit which:

Examples of Secondary Units in a sentence

• The Units constituting the Secondary Units have been duly authorized and are validly issued, fully paid and non-assessable.

• The Secondary Units may be sold from time to time as set forth in the Registration Statement, any amendment thereto, the prospectus contained therein (the “Prospectus”) and supplements to the Prospectus pursuant to Rule 415 under the Act.

• With respect to our opinion set forth in paragraph 2 below, we have assumed that (i) the Company received the consideration for the Secondary Units and the Secondary Shares set forth in the applicable Transaction Agreements and the applicable board resolutions and (ii) the issuance of the Secondary Units and the Secondary Shares has been registered in the Company’s unit or share registry, as applicable.

• The Secondary Units constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

• Following the conversion of the Convertible Preferred Units, the Secondary Units may be sold from time to time as set forth in the Registration Statement, any amendment thereto, the prospectus contained therein (the “Prospectus”) and supplements to the Prospectus pursuant to Rule 415 under the Act.

• We have assumed that the Secondary Units will be sold in the manner stated in the Registration Statement and the Prospectus and in accordance with the terms of the partnership agreement of the Partnership (as amended through the date hereof).

• We have assumed that the Secondary Units will be issued and sold in the manner stated in the Registration Statement and the Prospectus and in accordance with the terms of the partnership agreement of the Partnership (as amended through the date hereof).

• The Common Units and Debt Securities are collectively referred to herein as the “Primary Securities” and the Primary Securities and the Secondary Units are collectively referred to herein as the “Securities”.

• The Secondary Units constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms under the laws of the State of New York.

• The Secondary Units were issued by the Partnership to the Swallowtail Entities in connection with the closing of the acquisition of certain mineral and royalty interests by the Partnership and its operating subsidiary, Viper Energy Partners LLC (“OpCo”), from the Swallowtail Entities on October 1, 2021.

More Definitions of Secondary Units

Secondary Units when applied with respect to any Available Registration means (i) all Parent Company Shares which WM Partner shall request in its Participation Election to be included in a proposed Available Registration prior to the Participation Deadline or such later date on which the Parent Company in its sole discretion shall elect to accept such request, (ii) Parent Company Shares owned by ServiceMaster or its Affiliates (other than the Parent Company) which they desire to have included in the Available Registration and (iii) all other Parent Company Shares the owners of which shall be entitled to include in such registration pursuant to rights granted by the Parent Company with the consent of its general partner or general partners or its board of directors (as the case may be) on essentially the same terms granted to WM Partner in this sub-paragraph (4) . The term “Secondary Sellers” when applied with respect to any Available Registration means the owners of the Secondary Units involved in such registration.

Secondary Units means the units of the Company offered pursuant to the Secondary Offering, each Secondary Unit to be comprised of one Common Share and one Warrant.