definiens: means ( a ) Liens for Taxes not yet due and payable ( excluding Liens arising under the Code ), ( b ) Liens of carriers, warehousemen, mec hanics, materialmen and repairmen incurred in the o rdinary course of business consistent with past practice an d not yet delinquent, and ( c ) in the case of real p roperty, zoning, building, occupancy or other restrictions, variances, covenants, rights of way, encumbrances, easements and other minor irregularities in title, none of wh ich, individually or in the aggregate, ( i ) interfer e in any material respect with the present use of or occupancy of the affected parcel by the applicable Party, ( ii ) have more than an immaterial effect on the value thereof or its use, or ( iii ) would impair the ability of such parcel to be sold for its present use