definiens: means ( i ) statutory liens fo r current taxes, assessments or other governmental charges not yet delinquent or the amou nt or validity of which is being contested in good faith by appropriate proceedings, provided an appropriate re serve is established therefor ; ( ii ) mechanics ’, car riers ’, workers ’, repairers ’ and similar Liens arising or i ncurred in the ordinary course of business that are not material to the business, operations and financial condition of the property so encumbered or Seller ; ( iii ) zon ing, entitlement and other land use and environmental re gulations by any Governmental Body, provided that s uch regulations have not been violated ; and ( iv ) such o ther imperfections in title, charges, easements, re strictions and encumbrances which do not materially detract from t he value of or materially interfere with the presen t use of the Assets subject thereto or affected thereby