definiens: means ( i ) Encumbrances for utilities and current Taxes not yet due and payable ; ( ii ) easements, rights of way, restric tive covenants, encroachments, and similar non - mone tary encumbrances or non - monetary impediments against an y of the Purchased Assets which do not, individuall y or in the aggregate, adversely affect the operation of th e Business and, in the case of the Leased Real Prop erty, which do not, individually or in the aggregate, adversely affect the use or occupancy of such Leased Real Pr operty as it relates to the operation of the Business or materia lly detract from the value of the Leased Real Prope rty, ( iii ) applicable zoning Laws, building codes, land use re strictions, and other similar restrictions imposed by Law, and ( iv ) materialmans ’, mechanics ’, artisans ’, shippers ’, warehousemans ’ or other similar common law or st atutory liens incurred in the Ordinary Course of Business, ( v ) licenses granted on a nonexclusive basis in the Ordinary Course of Business and ( vi ) such other Encumbrances or title exceptions as Purchaser may approve in wr iting in its sole discretion or which do not, individually o r in the aggregate, materially and adversely affect the operation of the Business