definiens: means ( i ) statutory Liens for Taxes, assessments and other governmental charges not yet dueand payable or which are being contested in good faith by appropriate proceedings and for which adequate reserves are beingmaintained in accordance with GAAP, ( ii ) statutory or common law Liens to secure landlords, sublandlords, licensors orsublicensors under leases or rental agreements, ( iii ) restrictions under leases, subleases, licenses or occupancy agreementsof the Company ; ( iv ) deposits or pledges made in connection with, or to secure payment of, workers ' compensation, unemployment insurance, old age pension or other social security programs mandated under applicable Law, ( v ) statutory orcommon law Liens in favor of carriers, warehousemen, mechanics, workmen, repairmen and materialmen to secure 9 claims for labor, materials or supplies and other like Liens, ( vi ) restrictions on transfer of securities imposed by applicablestate and federal securities Laws, ( vii ) deposits to secure the performance of bids, trade contracts, leases, statutoryobligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary courseof business, ( viii ) vendors ' Liens to secure payment ; ( ix ) purchase - money Liens arising in the ordinary course of business, ( x)easements, covenants, rights - of - way and other similar restrictions of record which would not, individually or in the aggregate, have a Material Adverse Effect, ( xi ) zoning, building codes and other land use laws, ( xii ) Liens that have been placed by anylandlord or owner on property over which the Company has easement or lease rights, which ( a ) are not violated by the currentuse or occupancy of such property or the operation of the Company ’s business, and ( b ) which would not, individually or in theaggregate, have a Material Adverse Effect or ( xiii ) Liens that have not had and would not reasonably be expected to result ina Material Adverse Effect