definiens: means : ( i ) Liens imposed by law for taxes, fees, assessments or other governmental charges or levies that are not yet due or arebeing contested in good faith by appropriate proceedings ; ( ii ) carriers ’, warehousemen ’s, mechanics ’, materialmen ’s, repairmen ’s, landlord ’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are beingcontested in good faith by appropriate proceedings ; ( iii ) pledges and deposits made in the ordinary course of business in compliance with workers ’ compensation, unemployment insurance and other social security laws or regulations ; ( iv ) judgment liens in respect of judgments that do not constitute an Event of Default under Section 8 hereof ; ( v ) Liens arising solely by virtue of any statutory or common law provision or granted to banks in the ordinary courseof business relating to banker ’s Liens, rights of set - off or similar rights and remedies as to deposit accounts or otherfunds maintained with a creditor depository institution ; ( vi ) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties inconnection with the importation of goods ; ( vii ) Liens consisting of cash collateral securing, and in an amount not to exceed the undrawn amount of, any letter ofcredit ; ( viii ) Liens solely on deposits, advances, contractual payments, including implementation allowances or escrows madeor paid by Borrower to or with customers or clients in the ordinary course of business ; and ( ix ) Liens that are expressly subordinate to the Transaction Lien, and for which the documentation evidencing suchexpress subordination has been approved by Lender, such approval not to be unreasonably withheld