definiens: means ( i ) Liens reflected on the Company Balance Sheet, ( ii ) Liens for Taxes that are not dueand payable or that may thereafter be paid without interest or penalty, or that are being contested in good faith byappropriate proceedings, ( iii ) mechanics ’, carriers ’, workmen ’s, warehousemen ’s, repairmen ’s or other like Liensarising or incurred in the ordinary course of business, ( iv ) Liens incurred in the ordinary course of business inconnection with workers ’ compensation, unemployment insurance and other types of social security or to secure theperformance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts, performance and return of money bonds and similar obligations, ( v ) zoning, building and other similar codes andregulations which are not violated in any material respect by the use and operation of any property of the Companyand its Subsidiaries, ( vi ) Liens, easements, rights - of - way, covenants and other similar restrictions that have beenplaced by any developer, landlord or other Person on property over which the Company or any of its Subsidiaries haseasement rights or on any property leased by the Company or any of its Subsidiaries and subordination or similaragreements relating thereto, in each case that do not adversely affect in any material respect the occupancy or use ofany property of the Company and its Subsidiaries, ( vii ) licenses to Intellectual Property granted in the ordinary courseof business and ( viii ) defects or irregularities in title, easements, rights - of - way, covenants, restrictions and othersimilar matters that would not reasonably be expected to, individually or in the aggregate, materially impair thecontinued use and operation of the assets to which they related in the business of the Company and its Subsidiariesas currently conducted