definiens: shall mean any of the following : ( i ) Liens for Taxes, assessments and governmental chargesor levies either not yet delinquent or which are being contested in good faith by appropriate proceedings and for whichappropriate reserves have been established on the consolidated financial statements of the Company and itsSubsidiaries in accordance with GAAP as adjusted in the ordinary course of business through the Effective Time;(ii ) mechanics, carriers ', workmen 's, warehousemen 's, repairmen 's, materialmen 's or other Liens that are not yet due orthat are being contested in good faith and by appropriate proceedings ; ( iii ) leases, subleases and licenses ( other thancapital leases and leases underlying sale and leaseback transactions ) ; ( iv ) Liens imposed by applicable6Law ( other than Tax Law ) ; ( v ) pledges or deposits to secure obligations under workers ' compensation Laws or similarlegislation or to secure public or statutory obligations ; ( vi ) pledges and deposits to secure the performance of bids, trade contracts, leases, surety and appeal bonds, performance bonds and other obligations of a similar nature, in eachcase in the ordinary course of business ; ( vii ) Liens the existence of which are disclosed in the notes to theconsolidated financial statements of the Company included in the Company 's Annual Report on Form 10 - K for thefiscal year ended December 31, 2011 ; ( viii ) Liens which do not materially and adversely affect the use or operation ofthe property subject thereto ; ( ix ) statutory, common law or contractual liens of landlords ; and ( x ) Liens described inSection 1.1 of the Company Disclosure Letter