definiens: as that term is defined and used in the federal Worker Adjustment and Retraining Notificati on Act or any similar law ( ), with respe ct to any employees of Parent ( solely with respect to the Businesses ), any of the Acquired Companies or any Business Subsidiary that could result in a requirement to pr ovide notice under the WARN Laws ; ( i ) materially amended the terms of any existing Company Plan, exc ept as required by law ; ( j ) materially c hanged the accounting principles, methods or practi ces of the Businesses, except in each case to conform to c hanges in GAAP or applicable local generally accept ed accounting principles ; ( k ) borrowed or inc urred any Indebtedness for borrowed money ; ( l ) acquired or invested in ( by merger, exchange, consolidation, purchase or otherwise ) any corporation or partnersh ip or interest in any business organization or enti ty ; ( m ) abandoned, allowed to lapse, assigned, granted any license in or sold any material intellectual property of any of the Busine sses ; ( n ) settled or waiv ed any material claims or rights ; ( o ) to the extent i t affected the Acquired Companies or the Business Subsidiaries, made, amended or revoked any material election with respect to Taxes, amended any Tax Re turn, changed any material accounting method relating to Taxes, consented to any waiver or extension of any statute of limitations with respect to Taxes or Tax Returns, or settled or compromised any liability of a mate rial amount regarding Taxes ; ( p ) entered into, c ancelled, terminated or materially modified any Designated Contract ; ( q ) entered into an y material transaction with any Affiliate that will not be terminated at or prior to the Closing ; ( r ) mortgaged, p ledged or subjected to Encumbrance, other than a Permitted Encumbrance, any assets of the Businesses ; ( s ) changed legal structure or amended the organizational or governa nce documents ; ( t ) entered into any agreement providing for a royalty or deferred payment of any kind to be paid to a third party ; or 24 ( u ) entered into an y agreement with respect to any of the matters refe rred to in paragraphs ( a ) through ( t ) of this Section 2 . 7