definiens: means, with respect to any person, without duplication, ( i ) all obligations of such person for borrowed 1noney, or with respect to deposits or advances of any kind to such person, ( ii ) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, ( iii ) all obligations of such person upon which interest charges arc customarily paid, ( iv ) all obligations of such person under conditional sale or other title retention agree1nents relating to property purchased by such person, ( v ) all obligations of such person issued or assun1ed as the deferred purchase price of property or services ( excluding obligations of such person or creditors for raw materials, inventory, services and supplies incurred in the Ordinary Course of Business ), ( vi ) all capitalized lease obligations of such person, ( vii ) all obligations of others secured by any lien on property or assets owned or acquired by such person, whether or not the obligations secured thereby have been assumed, ( viii ) all obligations of such person under interest rate or currency hedging transactions ( valued at the termination value thereof ), ( xi ) all letters of credit issued for the account of such person, and ( x ) all guarantees and arrangements having the economic effect of a guarantee by such person of any indebtedness of any other person . All of the outstanding indebtedness of the type described in this Section 2.6(b ) of the Con1pany may be prepaid by the Company at any ti1nc without the consent or approval of, or prior notice to, any other person, and without payn1ent of any pre1nium or penalty