definiens: means ( a ) ( i ) Encumbrances for Taxes, assessments or governmental charges or levies on propertynot yet delinquent or the validity of which are being contested in good faith by appropriate proceedings, ( ii ) mechanics ’, carriers ’, workmen’s, repairmen ’s and other like Encumbrances arising or incurred in the ordinary course of business and ( iii ) Encumbrances arising underequipment leases with third parties entered into in the ordinary course of business ; ( b ) the terms of the Lease ; ( c ) Encumbrances consisting ofzoning or planning restrictions, Permits and other governmental or non - governmental restrictions or limitations on the use of real property orirregularities in title thereto which do not materially impair the use of such real property in the operation of the Business as currentlyconducted ; ( d ) covenants, conditions and restrictions of record ; ( e ) private and public easements, rights of way and utility agreements, androads or highways, if any ; ( f ) all covenants, conditions, restrictions, easements, rights of way, encumbrances, defects, imperfections, irregularities of title or other Encumbrances that would be readily apparent upon physical inspection of the Leased Real Property or review ofan accurate survey covering the Leased Real Property ; ( g ) with respect to any Leased Real Property, ( i ) the interests and rights of therespective lessors with respect thereto, including any statutory landlord liens and any Encumbrance thereon, and ( ii ) any Encumbrancepermitted under the applicable lease agreement and any ancillary documents thereto ; ( h ) Encumbrances created by Buyer or its successorsand assigns ; ( i ) Encumbrances disclosed in the Seller Disclosure Letter ; ( j ) Encumbrances ( other than monetary encumbrances ) incurred inthe ordinary course of business since December 31, 2018 ; and ( k ) licenses to Intellectual Property granted in the ordinary course of business