Common use of After-Acquired Assets Clause in Contracts

After-Acquired Assets. (a) Promptly (i) transfer to WirelessCo any License held by the Borrower or any Restricted Subsidiary (other than WirelessCo) and (ii) at the option of the Borrower, either (A) transfer (I) to EquipmentCo any Personal Property Assets (other than Direct-Lien Assets) hereafter acquired by the Borrower or any Restricted Subsidiary and any such Personal Property Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Personal Property Assets constituting Excluded Assets), (II) to RealtyCo any Real Estate Assets hereafter acquired by the Borrower or any Restricted Subsidiary and any Real Estate Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Real Estate Assets constituting Excluded Assets) and (III) to the Borrower any Direct-Lien Assets hereafter acquired by the Borrower or any Restricted Subsidiary and any Direct-Lien Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any Direct-Lien Assets constituting Excluded Assets) or (B) create on terms reasonably acceptable to the Administrative Agent a perfected first priority security interest (subject to any Liens permitted by subsection 6.3 (other than those referred to in the definition of the term "Excluded Assets")) in favor of the Trustees for the benefit of the Secured Parties in such Personal Property Assets, Real Estate Assets or Direct-Lien Assets.

After-Acquired Assets. (a) Promptly (i) transfer to WirelessCo any License held by the Borrower or any Restricted Subsidiary (other than WirelessCo) and (ii) at the option of the Borrower, either (A) transfer (I) to EquipmentCo any Personal Property Assets (other than Direct-Lien Assets) hereafter acquired by the Borrower or any Restricted Subsidiary and any such Personal Property Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Personal Property Assets constituting Excluded Assets), (II) to RealtyCo any Real Estate Assets hereafter acquired by the Borrower or any Restricted Subsidiary and any Real Estate Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Real Estate Assets constituting Excluded Assets) and (III) to the Borrower any Direct-Lien Assets hereafter acquired by the Borrower or any Restricted Subsidiary and any Direct-Lien Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any Direct-Lien Assets constituting Excluded Assets) or (B) create on terms reasonably acceptable to the Administrative Agent a perfected first priority security interest (subject to any Liens permitted by subsection 6.3 (other than those referred to in the definition of the term "Excluded Assets")) in favor of the Trustees for the benefit of the Secured Parties in such Personal Property Assets, Real Estate Assets or Direct-Lien Assets.