definiens: means ( a ) Liens for Taxes, assessments and other charges of Governmental Authorities not yet due andpayable or being contested in good faith through appropriate proceedings and as to which adequate reserves are included in the FinancialStatements if and to the extent required by GAAP, ( b ) statutory and contractual mechanics ’, laborers ’, materialmen ’s, warehouseman’s, carrier ’s and other similar Liens arising in the Ordinary Course of Business for sums not yet due or being contested in good faith throughappropriate proceedings and as to which adequate reserves are included in the Financial Statements if and to the extent required by GAAP,(c ) with regard to Real Property, ( i ) any and all matters of record, including zoning restrictions, easements, rights - of - way, building or userestrictions, prescriptive rights, encroachments, and other reservations, entitlements, covenants, conditions, oil and gas leases, mineralseverances and Liens that are not violated by the current use or occupancy by the Company of such Real Property, ( ii ) any easements, rights - of - way, -20 - building, use or environmental restrictions and Laws, prescriptive rights, encroachments and party - walls that are not violated by the currentuse or occupancy by the Company of such Real Property and ( iii ) statutory, common law and contractual landlord ’s Liens, rights of distressor Liens under any Real Property Lease other leases, subleases or license agreements pursuant to which the Company is a lessee and notin default, ( d ) such other imperfections of title as do not materially detract from the value or otherwise materially interfere with the current useof any of the Company ’s properties or otherwise impair the Company ’s operation of the Business as currently conducted and ( e ) any Liensarising from or related to any equipment financing or leasing arrangements