definiens: shall mean and include : ( i ) Liens for taxes or other governmental charges not at the time delinquent or thereafter payable without penalty or being contested in good faith ; ( ii ) Liens of carriers, warehousemen, mechanics, materialmen, vendors, C:\NrPortbl\P ALIB2IJEI\2129547 JDOC ( 275919 ) and landlords incurred in the ordinary course of business for sums not overdue or being contested in good faith ; ( iii ) deposits under workers ' compensation, unemployment insurance and social security laws or to secure the performance of bids, tenders, contracts ( other than for the repayment of borrowed money ) or leases, or to secure statutory obligations of surety or appeal bonds or to secure indemnity, performance or other similar bonds in the ordinary course of business ; ( iv ) Liens securing obligations under a capital lease if such Liens do not extend to property other than the property leased under such capital lease ; ( v ) Liens upon any equipment acquired or held by Grantor to secure the purchase price of such equipment or indebtedness incurred solely for the purpose of financing the acquisition of such equipment, so long as such Lien extends only to the equipment financed, and any accessions, replacements, substitutions and proceeds ( including insurance proceeds ) thereof or thereto ; ( vi ) easements, reservations, rights of way, restrictions, minor defects or irregularities in title and other similar charges or encumbrances affecting real property in a manner not materially or adversely affecting the value or use of such property ; ( vii ) Liens in favor of Secured Party ; ( viii ) Liens in favor of customs and revenue authorities arising as a matter of law to secure payments of customs duties in connection with the importation of goods ; ( viii ) Liens which constitute rights of set - off of a customary nature or banker 's liens, whether arising by law or by contract, ( ix ) Liens on insurance proceeds in favor of insurance companies granted solely as security for financed premiums ; and ( x ) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default