definiens: means : ( a ) all defects, exce ptions, restrictions, easements, rights of way and encumbrances which do not materially interfere with the present use of such asset for the purpose for which such asset is currently used in connection with the Busi ness ; ( b ) excluding with respect to Intellectual Pr operty, all defects, exceptions, restrictions, easements, right s of way and encumbrances of record that do not mat erially interfere with the present use of such asset for th e purpose for which such asset is currently used in connection with the Business ; ( c ) statutory Liens for current Taxes, assessments or other governmental charges no t yet due or delinquent or the amount or validity of which is be ing diligently contested in good faith by appropria te proceedings ; provided that, with respect to contest ed amounts, an appropriate reserve has been establi shed therefor in the Most Recent Financial Statements to the exte nt required by GAAP ; ( d ) mechanics ’, carriers ’, wor kers ’, and repairers ’ Liens that are not material to the Busin ess and that are not resulting from a breach, defau lt or violation by the Company of any Contract or Law ; ( e ) restrict ions under any Real Property Lease, or any lease, s ublease, license or other Contract under which any Leased Re al Property is occupied or used ; ( f ) Liens that hav e been placed by any developer, landlord or other Person ( other than the Company ) on the fee property over wh ich the Company has leasehold, license, occupancy or easeme nt rights and subordination or similar agreements r elating thereto ; ( g ) zoning, building codes and other land use Laws regulating the use or occupancy of any Lea sed Real Property or the activities conducted thereon which are imposed by any Governmental Body having jurisdi ction over such Leased Real Property which are not violat ed, in any material respect, by the present use of such Leased Real Property for the purpose for which such asset is currently used in connection with the Business ; ( h ) purchase money Liens and Liens securing rental payments unde r capital lease arrangements ; and ( i ) non - exclusive licenses of Intellectual Property granted in the Ordinary Co urse of Business