definiens: means, without duplication, all ( a ) indebtedness for borrowed money ; ( b ) obligations for the deferred purchase price of property or services ( other thantrade payables entered into in the ordinary course of business consistent with past practice and any deferred liability related to the grant from the Maryland Stem Cell ResearchFund ), ( c ) long or short - term obligations evidenced by notes, bonds, debentures or other similar instruments ( excluding the Company 2015 Convertible Notes and Company 2016Convertible Notes to the extent converted at or prior to the Closing ) ; ( d ) obligations under any interest rate, currency swap or other hedging agreement or arrangement ; ( e ) capitalleaseobligations ; ( f ) reimbursement obligations under any letter of credit, banker ’s acceptance or similar credit transactions ; and ( g ) guarantees made by the Company or the Parent, as applicable, on behalf of any third party in respect of obligations of the kind referred to in the foregoing clauses ( a ) through ( f )