definiens: means ( i ) statutory liens f or current Taxes not yet delinquent ( or which may be paid without interest or penalties ) or the v alidity or amount of which is being contested in go od faith by appropriate proceedings, ( ii ) mechanics ’, carriers ’, workers ’, repairers ’ and other similar liens aris ing or incurred in the ordinary course of business relating to obli gations as to which there is no default on the part of the Seller for a period greater than 60 days, or the validity or amount of which is being contested in good faith by appropriate proceedings, or pledges, deposits or ot her liens securing the performance of bids, trade c ontracts, leases or statutory obligations ( including workers ’ compensation, unemployment insurance or other soci al security legislation ), and in each case, that are n ot, individually or in the aggregate, material to t he Business, ( iii ) zoning, entitlement, conservation restriction and other land use and environmental regulations p romulgated by Governmental Authorities ( including the Californ ia Subdivision Map Act, to the extent the conveyanc e of Transferred Real Property shall be done in complian ce therewith ) that are not, individually or in the aggregate, material to the Business, that do not prohibit or i nterfere with the present use and operation of the Transferred Real Property, and ( iv ) all exceptions, restriction s, easements, imperfections of title, charges, righ ts - of - way and other Encumbrances that are not, individually or in the aggregate, material to the Business, that do n ot prohibit or interfere with the current operation of the Transfe rred Real Property or that do not render title to t he Transferred Real Property unmarketable