definiens: means : ( a ) material Liens for taxes, fees, assessme nts or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings, provided th e same have no priority over any of Secured Party ’s security in terests created hereunder ; ( b ) Liens ( i ) upon or in any Equipment acquired or held by the Company to secure the purchase price of such Equipment or indebtedne ss incurred solely for the purpose of financing the ac quisition of such Equipment provided in each case s uch lien does not secure more than the purchase price of suc h Equipment or ( ii ) existing on such Equipment at t he time of its acquisition, provided that the Lien is confined solely to the Equipment so acquired, improvements thereon and the proceeds of such Equipment ; ( c ) leases or s ubleases and non - exclusive licenses or non - exclusiv e sublicenses granted to others in the ordinary cours e of the Company ’s business if such are otherwise p ermitted under this Security Agreement and do not interfere in any material respect with the business of the Co mpany ; ( d ) any right, title or interest of a licensor unde r a license provided that such license or sublicens e does not prohibit the grant of the security interest granted hereunder ; ( e ) Liens arising from judgments, decre es or attachments to the extent and only so long as such judgment, decree or attachment has not caused or re sulted in an Event of Default ; ( f ) easements, reservations, r ights - of - way, restrictions, minor defects or irregu larities in title and other similar Liens affecting real property not interfering in any material respect with the ordin ary conduct of the business of the Company ; ( g ) Liens in favor of customs and revenue authorities arising as a mat ter of law to secure payment of customs duties in connection w ith the importation of goods ; ( h ) Liens arising sol ely by virtue of any statutory or common law provision rel ating to banker ’s liens, rights of setoff or simila r rights and remedies as to deposit accounts or other funds main tained with a creditor depository institution ; and ( j ) Liens, not otherwise permitted, which do not in the aggreg ate exceed $ 35,000 at any one time