definiens: of a Person at a particular date shall mean all, without duplication, other than current liabilities incurred inthe ordinary course of business : ( a ) all indebtedness of such Person for borrowed money, ( b ) the deferred purchase price ofassets or services which in accordance with GAAP would be shown on the liability side of the balance sheet of such Person, liabilities for accumulated post - retirement benefit obligations and liabilities for deferred compensation, ( c ) the face amount ofall letters of credit issued for the account of such Person and, without duplication, all drafts drawn and unpaid thereunder,(d ) all Indebtedness of a second Person secured by any lien or security interest on any property owned by such first Person, whether or not such Indebtedness has been assumed by such first Person, ( e ) all capitalized lease obligations of such person,(f ) all obligations of such Person under interest rate agreements ( i.e., swaps, caps, collars, futures, options ), and ( g ) allguaranties or other contingent obligations of such Person and ( i ) the Obligations