definiens: means, with respect to any Person, all obligations ( including all obligations in respect ofprincipal, accrued interest, penalties, fees and premiums ) of such Person, whether direct or indirect, ( a ) for borrowedmoney ( including overdraft facilities ), ( b ) for liabilities secured by any Lien existing on property owned or acquired andsubject thereto, ( c ) evidenced by notes, bonds, debentures or similar Contracts, ( d ) for the deferred purchase price ofproperty, goods or services, including in connection with the acquisition of any business or non - competitionagreement ( other than trade payables or accruals incurred in the ordinary course of business ), ( e ) under capital leases(in accordance with GAAP ), ( f ) in respect of letters of credit and bankers ’ acceptances, ( g ) for Contracts relating tointerest rate protection, swap agreements, factoring, hedging and collar agreements, ( h ) in the nature of premiums(prepayment or otherwise ) or penalties in connection with the obligations described in clauses ( a ) through ( g ) above, and ( h ) in the nature of guarantees of the obligations described in clauses ( a ) through ( g ) above of any other Person