Common use of Subsequently Acquired Collateral Clause in Contracts

Subsequently Acquired Collateral. To the extent a Pledgor acquires any additional Equity Interests (other than (i) Excluded Stock and Stock Equivalents, (ii) any such accounts, instruments or securities when in the reasonable determination of the Collateral Agent and the Borrower, the cost, burden or other consequences of the same being included as Collateral would be excessive in view of the benefits to be obtained by the Secured Parties therefrom, nor (iii) any such accounts, instruments or securities to the extent that the same being included as Collateral would result in material adverse tax consequences as reasonably determined by the Borrower in consultation with the Collateral Agent), by way of amalgamation or otherwise, at any time or from time to time after the date hereof, such Collateral will automatically (and without any further action being required to be taken by the Collateral Agent) be subject to the security interest and pledge created hereby. A Pledgor will promptly notify the Collateral Agent if it obtains such additional Collateral and (except with respect to Unlimited Liability Securities) take, or cause to be taken, as promptly as practicable and, in any event within sixty (60) days after it obtains such additional Collateral, all steps and actions as the Collateral Agent reasonably deems necessary to ensure that the additional Collateral is Delivered to the Collateral Agent.