definiens: shall mean ( a ) all Liens set forth on Section 1.01(d ) of the Disclosure Schedules;(b ) statutory Liens arising out of operation of Law with respect to a Liability incurred in the ordinary course of businessand which is not delinquent ; ( c ) Liens, other than Liens securing indebtedness for borrowed money, that, individuallyand in the aggregate, do not and would not reasonably be expected to materially detract from the value or impair theuse of the property subject thereto or make such property unmarketable ; ( d ) Liens for Taxes not yet due, payable, delinquent or subject to penalties for nonpayment, or which are being contested in good faith through properproceedings, in each case, with sufficient reserves maintained in accordance with GAAP ; ( e ) mechanics’,materialmens ’, carriers ’, workmens ’, warehousemens ’, repairmens ’, landlords ’ or other like Liens and securityobligations that are incurred in the ordinary course of business and are not delinquent ; and ( f ) Liens in favor ofPurchaser arising under the Commercialization Agreement