definiens: shall mean ( a ) statutory Liens arising out of operation of applicable Law withrespect to a Liability incurred in the ordinary course of business and which is not delinquent ; ( b ) Liens, other thanLiens securing indebtedness for borrowed money, that, individually and in the aggregate, do not and would notreasonably be expected to materially 9 detract from the value or impair the use of the property subject thereto or make such property unmarketable ; ( c ) Liensfor Taxes not yet due, payable or delinquent ; ( d ) mechanics ’, materialmens ’, carriers ’, workmens ’, warehousemens’,repairmens ’, landlords ’ or other like Liens and security obligations that are incurred in the ordinary course of businessand are not delinquent ; and ( e ) any Liens described on Schedule 1.01(b )