definiens: means ( a ) statutory Liens for cur rent Taxes not yet due or delinquent or the validit y or amount of which is being contested in good faith by approp riate proceedings and for which adequate accruals o r reserves have been established, ( b ) mechanics ’, materialmen ’ s, carriers ’, workers ’, repairers ’, warehousemen ’s and other similar Liens arising or incurred in the Ordinary C ourse of Business relating to obligations as to whi ch there is no default on the part of the Acquired Companies, o r the validity or amount of which is being conteste d in good faith by appropriate proceedings and for which adeq uate accruals or reserves have been established, or pledges, deposits or other Liens securing the performance of bids, trade contracts, leases or statutory obligat ions ( including workers ’ compensation, unemployment insu rance or other social security legislation ), ( c ) Li ens imposed or promulgated by Law with respect to real property and improvements, including zoning, entitl ement, conservation restriction and other land use and env ironmental regulations by Governmental Authorities which do not materially interfere with the present use of th e Assets, ( d ) all covenants, conditions, restrictio ns, easements, charges, 16 rights - of - way, licenses or claims of the same, whet her or not shown by the public records, and other L iens and similar matters which do not materially interfere w ith the present use of the Assets, ( e ) boundary lin e disputes, overlaps, encroachments and other matters, whether or not of record, which would be disclosed by an ac curate survey or personal inspection which do not material ly impair the occupancy or current use of the Asset s, ( f ) rights of parties in possession which do not materi ally impair the occupancy or current use of the Ass ets, and ( g ) title to any portion of the premises lying within t he right of way or boundary of any public road or p rivate road which do not materially impair the occupancy or cur rent use of the Assets