definiens: means with respect to any Person, without duplication, ( i ) all obligations of suchPerson for borrowed money, whether current or funded, secured or unsecured, ( ii ) all obligations of suchPerson for the deferred purchase price of any property or services, ( iii ) all obligations of such Person createdor arising under any conditional sale or other title retention agreement with respect to property acquired bysuch Person ( even though the rights and remedies of the seller or lender under such agreement in the eventof a default may be limited to repossession or sale of such property ), ( iv ) all obligations of such Personsecured by a purchase money mortgage or other lien to secure all or part of the purchase price of propertysubject to such mortgage or lien, ( v ) all obligations under leases which shall have been or should be, inaccordance with GAAP, recorded as capital leases in respect of which such Person is liable as lessee, ( vi)any obligation of such Person in respect of bankers ’ acceptances or letters of credit, ( vii ) any obligationssecured by liens on property acquired by such Person, whether or not such obligations were assumed bysuch Person at the time of acquisition of such property, ( viii ) all obligations of a type referred to in clause ( i),(ii ), ( iii ), ( iv ), ( v ), ( vi ), or ( vii ) above which is directly or indirectly guaranteed by such Person or which it hasagreed ( contingently or otherwise ) to purchase or otherwise acquire or in respect of which it has otherwiseassured a creditor against loss, and ( ix ) any refinancings of any of the foregoing obligations . Notwithstandingthe foregoing, for the avoidance of doubt, shall not include any trade payables or other currentliabilities reflected in the Financial Statements or incurred by the Seller after the date of the Most RecentBalance Sheet in the Ordinary Course of Business, to the extent taken into account in the calculation ofWorking Capital, or any other amounts taken into account in the calculation of Working Capital