definiens: means Liabilities ( a ) for borrowed money, ( b ) evidenced by bonds, debentures, notes or similarinstruments, ( c ) upon which interest charges are customarily paid ( other than obligations accepted in connection withthe purchase of products or services in the ordinary course of business ), ( d ) of others secured by ( or which the holderof such Liabilities has an existing right, contingent or otherwise, to be secured by ) any Encumbrance or securityinterest on property owned or acquired by the Person in question whether or not the obligations secured thereby havebeen assumed, ( e ) under leases required to be accounted for as capital leases under GAAP, or ( f ) guarantees relatingto any such Liabilities . Notwithstanding the foregoing, for all purposes hereunder, Indebtedness shall not include anypayables among the Company or any of its Subsidiaries, and guarantees, if any, among the Company or any of itsSubsidiaries in connection with transfer pricing arrangements