definiens: means, with respect to any Person, ( i ) all indebtedness for borrowed money, including for the payment of principal, interest, p enalties, fees or other liabilities, or for the def erred purchase price of assets or services, ( ii ) any other indebte dness that is evidenced by a note, bond, debenture or similar instrument, ( iii ) all obligations under capital 5 lease obligations with respect to Excluded Assets, ( iv ) all Liabilities secured by any Encumbrance on any property or asset, to the extent not an Assumed Lia bility, ( v ) all obligations in respect of letters o f credit, bonds, debentures or promissory notes related to the Retai ned Business, ( vi ) net obligations under interest r ate or currency hedge, swap or similar agreements with res pect to Excluded Assets and ( vii ) all Indebtedness of others secured by a Encumbrance on any Excluded Asset