Common use of Accessions and Proceeds Clause in Contracts

Accessions and Proceeds. All Accessions and all Proceeds of any and all of the foregoing. Without limiting the generality of the foregoing, it is hereby specifically understood and agreed that a Pledgor may from time to time hereafter deliver additional Equity Interests to the Administrative Agent as collateral security for the Secured Obligations. Upon delivery to the Administrative Agent, such additional Equity Interests shall be deemed to be part of the Pledged Collateral of such Pledgor and shall be subject to the terms of this Pledge Agreement whether or not Schedule 2(a) is amended to refer to such additional Equity Interests. Notwithstanding anything to the contrary contained herein, in no event shall the security interest granted under this Section 2 attach to, nor shall the Pledged Collateral include (i) any Excluded Property or (ii) any Equity Interests of a Foreign Subsidiary that does not constitute Pledged Equity.