definiens: means with respect to any Person, any indebtedness of such Person ( excluding accruedexpenses and trade payables ), whether or not contingent ( a ) in respect of notes payable, accrued interest payable orother obligations for borrowed money, whether secured or unsecured, ( b ) evidenced by bonds, notes, debentures orsimilar instruments or letters of credit ( or reimbursement agreements in respect thereof ) ; ( c ) in respect of banker’sacceptances ; ( d ) representing capital lease obligations ; ( e ) representing the balance deferred and unpaid of thepurchase price of any property or services due more than one ( 1 ) year after such property is acquired or such servicesare completed ; or ( f ) representing any hedging obligations, if and to the extent any of the preceding items ( other thanletters of credit and hedging obligations ) would appear as a liability upon a balance sheet of the specified Personprepared in accordance with GAAP . In addition, the term includes all Indebtedness of others securedby an Encumbrance on any asset of the specified Person ( whether or not such Indebtedness is assumed by thespecified Person ) and, to the extent not otherwise included, the guarantee by the specified Person of anyIndebtedness of any other Person . Indebtedness will be calculated without giving effect to the effects of Statement ofFinancial Accounting Standards No . 133 and related interpretations to the extent such effects would otherwiseincrease or decrease an amount of Indebtedness for any purpose under the indenture as a result of accounting for anyembedded derivatives created by the terms of such Indebtedness