definiens: means ( i ) all defects, exceptions, restrictions, easements, rights of way andencumbrances disclosed in policies of title insurance which have been made available to Buyer ; ( ii ) statutory liens forcurrent taxes, assessments or other governmental charges not yet delinquent ; ( iii ) mechanics ’, carriers ’, workers’,repairers ’ and similar Liens arising or incurred in the ordinary course of business that are not material to the business, operations and financial condition of the property so encumbered or the Companies ; ( iv ) zoning, entitlement and otherland use and environmental regulations by any Governmental Body, provided that such regulations have not beenviolated ; and ( v ) such other imperfections in title, charges, easements, restrictions and encumbrances which do not[materially ] detract from the value of or interfere with the present use of any applicable asset subject thereto oraffected thereby