definiens: shall mean any interest in property securing an obligation owed to, or a claim by, a Pers on other than the owner of the property, whether such interest is based on the common law, statute or contract, and including but not limited to the security interest lien arising from a mortgage, encumbrance, pledge, conditional sale or trust receipt or a lease, consignment or bailment for security purposes . The term shall include reservations, exceptions, encroachments, easements, rights -of - way, covenants, conditions, restrictions, leases and other title exceptions and encumbrances ( including, with respect to stock, stockholder agreements, voting trust agreements, buy -back agreements and all similar arrangements ) affecting property . For the purposes of this Agreement, the Company or a Subsidiary shall be deemed to be the owner of any property which it has acquired or holds subject to a conditional sale agreement, capitalized lease or other arrangement pursuant to which title to the property has been retained by or vested in some other Person for security purposes and such retention or vesting shall c onstitute a Lien