- clause in a mortgage agreement providing that any additional mortgage mortgaging a property acquired by the borrower after the mortgage is signed will be additional security for the obligation
- while such Provisions can help get mortgage bonds a good rating and enable issuing corporations to borrow at favorable rates by precluding additional first mortgages they make it difficult to finance growth through new borrowing
- this gives rise to various Maneuvers to remove after-acquired Clauses such as redemption or exchange of bonds or changes in indenture agreements
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