definiens: means ( i ) statutory liens for current Taxes not yet due or delinquent ( or whi ch may be paid without interest or penalties ), ( ii ) me chanics ’, carriers ’, workers ’, repairers ’ and other similar liens arising or incurred in the ordinary course of busin ess relating to obligations as to which there is no default on the part of Seller for a period greater than sixty ( 60 ) days, or the validity or amount of which is being contested in good faith by appropriate Proceedings, or pledges, deposits or other liens securing the performance of bids, trade Contracts, leases or statutory obligations ( includi ng workers ’ compensation, unemployment insurance or other social security legislation ), ( iii ) zoning, entitle ment, conservation restriction and other land use a nd environmental regulations by Governmental Authorities ; and ( iv ) a ll exceptions, restrictions, easements, imperfectio ns of title, charges, rights - of - way and other Encumbrances ( othe r than those securing any Funded Indebtedness or ap plicable to any Equity Interests ) that do not materially int erfere with the present use of the assets of Seller, taken as a whole