definiens: shall mean ( a ) Liens existing on the Issue Date, ( b ) Liens securing Indebtedness evidencedby this Note ; ( c ) Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent orbeing contested in good faith by appropriate proceedings, provided that the Company maintains adequate reservestherefor ; ( d ) claims of materialmen, mechanics, carriers, warehousemen, processors or landlords arising out ofoperation of law so long as the obligations secured thereby ( i ) are not past due or ( ii ) are being properly contested andfor which the Company has established adequate reserves ; ( e ) liens consisting of deposits or pledges made in theordinary course of business ; ( f ) liens on equipment ( including equipment subject to capital leases ) to secure purchasemoney Indebtedness existing as of the date hereof and set forth on the schedule of Permitted Indebtedness attachedhereto, or any permitted refinancing thereof, so long as such security interests do not apply to any property of theCompany other than the equipment so acquired, and the Indebtedness secured thereby does not exceed the cost ofsuch equipment, and provided that any extension, renewal or replacement Lien shall be limited to the propertyencumbered by the existing Lien and the principal amount of the Indebtedness being extended, renewed, or refinanced(as may have been reduced by any payment thereon ) does not increase ; and ( g ) liens on accounts receivable, inventory, fixed assets, general intangibles and other assets to secure purchase money Indebtedness existing as ofthe date hereof and incurred in connection with the transactions set forth on the schedule of Permitted Indebtednessattached hereto