definiens: means the following : ( a ) statutory Liens for Taxes not yet due and payable and not otherwise in default or forTaxes being contested through appropriate proceedings for which the Company has adequate reserves in accordance with GAAP on theMost Recent Balance Sheet ; ( b ) Liens for assessments and other governmental charges or Liens of landlords, carriers, warehousemen, mechanics and repairmen incurred in the Ordinary Course of Business, in each case for sums not yet due and payable and not otherwise indefault ; ( c ) Liens incurred in the Ordinary Course of Business in connection with workers ’ compensation, unemployment insurance and othertypes of social security ; and ( d ) encumbrances in the nature of zoning restrictions, easements, rights or restrictions of record on the use ofreal property if the same do not materially detract from the value of the property encumbered thereby, in each case of clauses ( a ) through(d ), none of which are material to the business, operations or financial condition of the Company so encumbered, either individually or in theaggregate