definiens: means, with respect to any Person, at any time, without duplication, ( a ) all indebtedness for borrowed money ; ( b ) all obligations issued, undertaken or assumed as the deferred purchase price of property or services ; ( c ) all non - contingent reimbursement or payment obligations with respect to surety instruments ; ( d ) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses ; ( e ) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to property acquired by the Person ( even though the rights and remedies of the seller under such agreement in the event of default are limited to repossession or sale of such property, in which case the amount of the Debt with respect thereto shall be equal to the fair market value of such property ) ; ( f ) all capital lease obligations ; ( g ) all indebtedness referred to in foregoing clauses ( a ) through ( f ) secured by ( or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by ) any Lien upon or in property ( including accounts and contracts rights ) owned by such . Person, even though such Person has not assumed or become liable for the payment of such Debt ; provided, the amount of such Debt for this purposes of this clause ( g ) shall be the amount stipulated in any agreement or instrument evidencing such Person 's obligation ; ( h ) obligations arising in connection with the transfer of an interest in accounts or notes receivable which transfer constitutes a true sale, including securitizations, and ( i ) all Guaranty Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses ( a ) through ( h ) above