OR POLITICAL SUBDIVISION ISSUED OBLIGATIONS THE INTEREST
ON WHICH IS EXCLUDABLE FROM GROSS INCOME BY THE HOLDERS THEREOF PURSUANT TO THE
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PROVISIONS OF SECTION 103 OF THE CODE (OR SIMILAR PROVISIONS), AS IN EFFECT AT
THE TIME OF THE ISSUANCE OF SUCH OBLIGATIONS, AND INDEBTEDNESS TO THE ISSUER OF
A LETTER OF CREDIT OR LETTER OF GUARANTY TO SUPPORT ANY SUCH OBLIGATIONS TO THE
EXTENT THE BORROWER OR ANY SIGNIFICANT SUBSIDIARY IS REQUIRED TO REIMBURSE SUCH
ISSUER FOR DRAWINGS UNDER SUCH LETTER OF CREDIT OR LETTER OF GUARANTY WITH
RESPECT TO THE PRINCIPAL OF OR INTEREST ON SUCH OBLIGATIONS;
(B)
DEPOSITS UNDER WORKMEN'S COMPENSATION, UNEMPLOYMENT INSURANCE AND
SOCIAL SECURITY LAWS, OR TO SECURE THE PERFORMANCE OF BIDS, TENDERS, CONTRACTS
(OTHER THAN FOR THE REPAYMENT OF BORROWED MONEY), LEASES, STATUTORY OBLIGATIONS,
SURETY OR APPEAL BONDS, OR INDEMNITY, PERFORMANCE OR OTHER SIMILAR BONDS, IN THE
ORDINARY COURSE OF BUSINESS;
(C)
LIENS IMPOSED BY LAW, SUCH AS CARRIERS', WAREHOUSEMEN'S OR
MECHANICS' LIENS, INCURRED IN GOOD FAITH IN THE ORDINARY COURSE OF BUSINESS AND
SECURING OBLIGATIONS THAT ARE NOT YET DUE OR THAT ARE BEING CONTESTED IN GOOD
FAITH BY APPROPRIATE PROCEEDINGS, AND LIENS ARISING OUT OF JUDGMENTS OR AWARDS
NOT EXCEEDING $50,000,000 IN THE AGGREGATE WITH RESPECT TO WHICH APPEALS ARE
BEING PROSECUTED, EXECUTION PENDING SUCH APPEALS HAVING BEEN EFFECTIVELY STAYED;
(D)
THE RIGHT RESERVED TO, OR VESTED IN, ANY MUNICIPALITY OR PUBLIC
AUTHORITY BY THE TERMS OF ANY RIGHT, POWER, FRANCHISE, GRANT, LICENSE, OR
PERMIT, OR BY ANY PROVISION OF LAW, TO PURCHASE OR RECAPTURE OR DESIGNATE A
PURCHASER OF ANY PROPERTY;
(E)
ANY LIEN SECURING A TAX, ASSESSMENT OR OTHER GOVERNMENTAL CHARGE
OR LEVY OR THE CLAIM OF A MATERIALMAN, MECHANIC, CARRIER, WAREHOUSEMAN OR
LANDLORD FOR LABOR, MATERIALS, SUPPLIES OR RENTALS INCURRED IN THE ORDINARY
COURSE OF BUSINESS;
(F)
ANY LIEN EXISTING ON (I) ANY PROPERTY OR ASSET AT THE TIME SUCH
PROPERTY OR ASSET IS ACQUIRED BY THE BORROWER OR ANY SIGNIFICANT SUBSIDIARY
(INCLUDING ACQUISITION BY MERGER OR CONSOLIDATION), BUT ONLY IF AND SO LONG AS
(1) SUCH LIEN WAS NOT CREATED IN CONTEMPLATION OF SUCH PROPERTY OR ASSET BEING
ACQUIRED, (2) SUCH LIEN IS AND WILL REMAIN CONFINED TO THE PROPERTY OR ASSET
SUBJECT TO IT AT THE TIME SUCH PROPERTY OR ASSET IS ACQUIRED AND TO IMPROVEMENTS
THEREAFTER ERECTED ON OR ATTACHED TO SUCH PROPERTY OR ASSET OR ANY PROPERTY OR
ASSET ACQUIRED IN SUBSTITUTION OR REPLACEMENT THEREOF AND (3) SUCH LIEN SECURES
ONLY THE OBLIGATION SECURED THEREBY AT THE TIME SUCH PROPERTY OR ASSET IS
ACQUIRED;
(G)
ANY LIEN IN EXISTENCE ON THE EFFECTIVE DATE TO THE EXTENT SET
FORTH ON SCHEDULE 7.01, BUT ONLY, IN THE CASE OF EACH SUCH LIEN, TO THE EXTENT
IT SECURES AN OBLIGATION OUTSTANDING ON THE EFFECTIVE DATE TO THE EXTENT SET
FORTH ON SUCH SCHEDULE, AND EXTENSIONS, RENEWALS AND REFINANCINGS OF SUCH
OBLIGATIONS THAT DO NOT INCREASE THE OUTSTANDING PRINCIPAL AMOUNT THEREOF (OTHER
THAN FOR ACCRUED INTEREST AND TRANSACTIONAL FEES AND EXPENSES OF SUCH EXTENSION,
RENEWAL OR REFINANCING);