definiens: means, as to any Person, without duplication, ( a ) all indebtedness of such Person for borrowed money, including, without limitation, all of such indebtedness outstanding under this Loan Agreement and any of the other Loan Documents ; ( b ) all Capital Lease Obligations of such Person ; ( c ) to the extent of the outstanding indebtedness thereunder, any obligation of such Person representing an extension of credit to such Person, whether or not for borrowed money ; ( d ) any obligation of such Person for the deferred purchase price of Property or services ( other than ( i ) trade or other accounts payable in the ordinary course of business in accordance with customary industry tenns and ( ii ) deferred franchise fees ) ; ( e ) all Contingent Obligations ; ( t ) any obligation of such Person of the nature described in clauses ( a ), ( b ), ( c ), ( d ) or ( e ) above, that is secured by a Lien on assets of such Person and which is non­recourse to the credit of such Person, but only to the extent of the fair market value of the assets so subject to the Lien ; ( g ) obligations of such Person arising under acceptance facilities or under facilities for the discount of accounts receivable of such Person ; ( h ) any obligation of such Person to reimburse the issuer of any letter of credit issued for the account of such Person upon which a draw has been made ; and ( i ) any lease having the effect of indebtedness, whether or not the same shall be treated as such on the balance sheet of Borrower under GAAP