definiens: means ( i ) liens for Taxes not yet due and payable, and liens for Taxes that are being contested in good faith byappropriate proceedings and for which an appropriate reserve has been established on the Financial Statements ; ( ii ) statutory liens oflandlords with respect to Leased Real Property ; ( iii ) liens of carriers, warehousemen, mechanics, materialmen, and repairmen incurred in theordinary course of business and securing amounts that are not yet delinquent, in each case of this clause ( iii ), that individually or in theaggregate with other such title defects, do not materially impair the value of the property subject to such Encumbrances or other such titledefects or the use of such property in the conduct of the business of the Company ; and ( iv ) in the case of Leased Real Property, in addition toclauses ( i ) and ( ii ), zoning, building, or other restrictions, variances, covenants, rights of way, encumbrances, easements and other minorirregularities in title, none of which, individually or in the aggregate, interfere in any material respect with the present use of or occupancy ofthe affected parcel by the Company