definiens: means ( without duplication ), as to any Person, ( a ) all obligations for the payment ofprincipal, interest, penalties, fees or other liabilities for borrowed money ( including guarantees and notes payable ) andcollection costs thereof, incurred or assumed, ( b ) any obligations to reimburse the issuer of any letter of credit, suretybond, debentures, 6promissory notes, performance bond or other guarantee of contractual performance, in each case to the extent drawnor otherwise not contingent, ( c ) all indebtedness of third parties secured by an Encumbrance on property owned oracquired by such Person, ( d ) any obligation that, in accordance with Italian GAAP, would be required to be reflectedas debt on the balance sheet of such Person, ( e ) liabilities in respect of any financial hedging arrangements, interestrate cap agreements, swap agreements or similar agreements, ( f ) liabilities under leases required to be capitalized ona balance sheet of such Person in accordance with Italian GAAP, ( g ) the deferred portion or installments of purchaseprice, and any amounts reserved for the payment of a contingent purchase price ( including earn outs ) in connectionwith the acquisition of any assets or business, and ( h ) all Indebtedness of others referred to in clauses ( a ) through(g ) above guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectlyby such Person through an agreement to pay or purchase such Indebtedness, to advance or supply funds for thepayment or purchase of such Indebtedness or otherwise to assure a creditor against loss, in each case including allaccrued interest and prepayment penalties, if any