definiens: of any Person means : ( a ) all obligations of such Person for borrowe d money or advances and all obligations of such Person evidenced by bonds, debentures, notes o r similar instruments ; ( b ) all obligations, contingent or otherwise, relative to the face amount of all letters of credit, whether or not drawn, and banker ’s acceptan ces issued for the account of such Person ; - 9 - ( c ) all Capitalized Lease Liabilities of such Person and all obligations of such Person arising under Synthetic Leases ; ( d ) net Hedging Obligations of such Person ; ( e ) all obligations of such Person in respect of Disqualified Capital Securities ; ( f ) whether or not so included as liabilities in accordance with GAAP, all obligations of such Person to pay the deferred purchase price of p roperty or services ( excluding trade accounts payable in the ordinary course of business which ar e not overdue for a period of more than 90 days or, if overdue for more than 90 days, as to which a dis pute exists and adequate reserves in conformity wit h GAAP have been established on the books of such Per son ), and indebtedness secured by ( or for which the holder of such indebtedness has an existing rig ht, contingent or otherwise, to be secured by ) a Li en on property owned or being acquired by such Person ( including indebtedness arising under conditional sales or other title retention agreements ), whether or not such indebtedness shall have been assumed b y such Person or is limited in recourse ; and ( g ) all Contingent Liabilities of such Person in respect of any of the foregoing