definiens: means any ( a ) Lien for Taxes not yet due and paya ble ( excluding Liens arising under the Code ), ( b ) Liens of carriers, warehouseme n, mechanics, materialmen and repairmen incurred in the ordinary course of business consistent with past practice and not yet delinquent, and ( c ) in th e case of real property, zoning, building, occupancy or other restrictions, variances, covenants, rights of way, encumbrances, easements and other minor irregu larities in title, none of which, individually or i n the aggregate, ( i ) interfere in any material respec t with the present use of or occupancy of the affec ted parcel by the Company, ( ii ) have more than an immat erial effect on the value thereof or its use, or ( i ii ) would impair the ability of such parcel to be sold for its present use