definiens: means ( i ) any Lien for Taxes that are not yet due and payable, ( ii ) any landlord ’s, mechanic ’s, carrier ’s, workmen’s, repairmen ’s or other similar statutory Lien arising or incurred in the Ordinary Course of Business, ( iii ) in the case of real property, any minor imperfectionof title, condition, easement and reservation of rights ( including any easement and reservation of, or rights of others for, rights of way, sewers, electriclines, telegraph and telephone lines and other similar purposes ), encroachment, covenant or restriction, ( iv ) Liens securing rental payments under anylease arrangements that are secured by the personal property being rented thereby, ( v ) non - exclusive licenses to Intellectual Property granted to ThirdParties in the ordinary course of business or ( vi ) any other Liens that do not materially detract from the use of the property encumbered thereby