definiens: means both the current and long - term portion s of any amount owed, without duplication, in respe ct of ( a ) borrowed money, extensions of credit, purcha se money financing, and capitalized lease obligatio ns or for the deferred purchase price of property or services, ( b ) all obligations for the reimbursement of any obligor for amounts drawn on any outstanding letters of credit, ( c ) all obligations evidenced by a note, bond, deb enture or similar instrument, and ( d ) all accrued and unpaid interest, fees, expenses, prepayment penalties or p remiums on, or any guarantees or other contingent liabilities w ith respect to, any of the obligations referred to in the foregoing clauses ( a ) through ( e ) ; provided, however, that notwithstanding the foregoing, Debt shall not be deemed to include any accounts payable incurred in the ordina ry course of business or any obligations under un - d rawn letters of credit