definiens: means : ( i ) Indebtedness under that certain Note and Warrant Purchase Agreement among Makerand the Investors named therein, dated as of March 5, 2010, or substantially similar agreements entered into in the future withMaker ’s existing venture capital investors or their affiliates, in an aggregate principal amount not exceeding $ 20,000,000outstanding at any time ; ( ii ) Indebtedness secured by a lien described in clause ( vi)(A ) of the defined term provided ( A ) such Indebtedness does not exceed the lesser of the cost or fair market value of the equipment financed withsuch Indebtedness and ( B ) such Indebtedness does not exceed $ 5,000,000 in the aggregate at any given time;(iii ) Subordinated Debt ; ( v ) Indebtedness incurred for the acquisition of supplies or inventory on normal trade credit;(v ) Indebtedness in connection with a formula - based working capital line of credit with a bank or other institutional lender inwhich the amount of the Indebtedness does not exceed the amount of Maker ’s accounts receivable shown on its balance sheetin accordance with generally accepted accounting principles, provided that such accounts receivable balance is at least$10,000,000, and ( vi ) extensions, refinancings, modifications, amendments and restatements of any item of PermittedIndebtedness ( i ) through ( v ) above . mean and include : ( i ) Liens in favor of Payee ; ( ii ) Liens securing Indebtedness under clause ( i ) of thedefinition of Permitted Indebtedness ; ( iii ) Liens securing any Subordinated Debt ; ( iv ) Liens of carriers, warehousemen, mechanics, materialmen, vendors, and landlords incurred in the ordinary course of business for sums not overdue or beingcontested in good faith, provided provision is made to the reasonable satisfaction of Payee for the eventual payment thereof ifsubsequently found payable ; ( v ) leases or subleases and licenses or sublicenses granted in the ordinary course of Maker’sbusiness ; ( vi ) Liens ( A ) upon or in any equipment which was acquired or held by Maker or any of its Subsidiaries to securethe purchase price of such equipment or indebtedness incurred solely for the purpose of financing the acquisition of suchequipment, or ( B ) existing on such equipment at the time of its acquisition, provided that the Lien is confined solely to theproperty so acquired and improvements thereon, and the proceeds of such equipment ; ( vii ) bankers ’ liens, rights of setoff andsimilar Liens incurred on deposits made in the ordinary course of business ; ( viii ) Liens arising from judgments, decrees orattachments in circumstances not constituting an Event of Default ; ( ix ) Liens for taxes or other Taxes not at the timedelinquent or thereafter payable without penalty or being contested in good faith, provided provision is made to thereasonable satisfaction of Payee for the eventual payment thereof if subsequently found payable ; ( x ) Liens in favor ofcustoms and revenue authorities arising as a matter of law to secure payments of customs duties in connection with theimportation of goods ; ( xi ) Liens on insurance proceeds in favor of insurance companies granted solely as security for financedpremiums ; ( xii ) Liens on accounts receivable securing Indebtedness permitted under clause ( iv ) of the definition of PermittedIndebtedness, and ( xiii ) Liens incurred in connection with the extension, renewal or refinancing of the indebtedness securedby Liens of the type described in clauses ( i ) and ( ii ) above, provided that any extension, renewal or replacement Lien shall belimited to the property encumbered by the existing Lien and the principal amount of the indebtedness being extended, renewed or refinanced does not increase