definiens: means any ( a ) Encumbrance for Taxes not yet due ordelinquent or for those Taxes being contested in good faith by appropriate proceedings ; ( b ) Encumbrance imposed byLaw that does not or would not be reasonably expected to materially detract from the current value of, or materiallyinterfere with, the present use and enjoyment of any Purchased Asset subject thereto or affected thereby in theordinary course of business of the Product Business ; ( c ) Encumbrance not securing indebtedness or guarantees ofindebtedness which does not materially detract from the current value of, or materially interfere with, the present useand enjoyment of such Purchased Asset in the ordinary course of business of the Product Business ; ( d ) right, title orinterest of a licensor or licensee under a license, including any licenses granted to Seller under the LicenseAgreement ; and ( e ) Encumbrance disclosed on Schedule 1.1.80