definiens: means ( a ) liens for Taxes and othergovernmental charges and assessments that are not yet due and payable and othersimilar liens arising in the ordinary course of business for sums not yet dueand payable, ( b ) Encumbrances or imperfections on property that are not materialin amount or do not materially detract from the value of or materially impairthe existing use of the property affected by such Encumbrance or imperfection,(c ) pledges or deposits in connection with worker 's compensation, unemploymentinsurance and other social security Requirements of Law, ( d ) deposits to securethe performance of any or all of the following : bids, public procurements ortrade contracts ( other than for borrowed money ), leases, statutory obligationsand other obligations of a like nature incurred in the ordinary course ofbusiness, and ( e ) Encumbrances and/or title exceptions or imperfections createdby any of the documents to be executed in connection with the Closing or thisAgreement whether prior to, at or after the Closing Date