definiens: means ( i ) Encumbrances disclosed on the Most Recent Balance Sheet, ( ii ) any Encumbrances for taxes, assessments and other governmental levies, fees or charges that are not yet due and payable, o r that are being contested in good faith and for which appropriate reserves have been established in accordance with GAAP, ( iii ) mechanics, carriers, workmen, warehouseman, repairmen and materialmen liens and similar liens for labor, materials or supplies incurred in the ordinary course of business for amounts that are not yet due and payable, or that are being contested in good faith, ( iv ) zoning, building codes and other land use Law regulating the use or occupancy of real property or the activities condu cted thereon that are imposed by any Governmental Entity having jurisdiction over such real property that are not violated in any material respect by the use or occupancy of such real property in the operation of the business presently conducted thereon, ( v ) restrictions of record identified in any title reports obtained by or made available to Parent, or easements, covenants, conditions, restrictions, defects and other similar matters of record affecting title to real property that do not or would not mate rially impair the use or occupancy of such real property in the operation of the business presently conducted thereon, ( vi ) liens imposed by Law, ( vii ) non -exclusive rights or licenses granted in the ordinary course of business, ( viii ) deposits or pledges to secure the payment of workers ’ compensation, unemployment insurance, social security benefits or obligations arising under similar Laws, or to secure the performance of public or statutory obligations, surety or appeal bonds, and other obligations of a like nature, in each case in the ordinary course of business and which are not yet due and payable, and ( ix ) other Encumbrances that do not materially and adversely affect the use or operation of the asset subject thereto