INDEBTEDNESS;
(N)
LEASES OR SUBLEASES GRANTED TO OTHERS THAT DO NOT MATERIALLY
INTERFERE WITH THE ORDINARY COURSE OF BUSINESS OF THE PARENT OR ITS
SUBSIDIARIES;
(O)
LIENS IN FAVOR OF ANY LOAN PARTY;
(P)
LIENS EXISTING ON ANY PROPERTY OR ASSET PRIOR TO THE ACQUISITION
THEREOF BY THE PARENT OR ANY SUBSIDIARY OR EXISTING ON ASSETS OF A PERSON AT THE
TIME SUCH PERSON IS ACQUIRED OR MERGED WITH OR INTO OR CONSOLIDATED WITH THE
PARENT OR ITS SUBSIDIARIES (AND NOT CREATED IN
42
ANTICIPATION OR CONTEMPLATION THEREOF);
(Q)
LIENS TO SECURE REFINANCING INDEBTEDNESS OF INDEBTEDNESS SECURED
BY LIENS PERMITTED PURSUANT TO THIS SECTION 7.01, PROVIDED THAT IN EACH CASE
SUCH LIENS DO NOT EXTEND TO ANY ADDITIONAL ASSETS (OTHER THAN IMPROVEMENTS
THEREON AND REPLACEMENTS THEREOF);
(R)
LIENS ON ACCOUNTS RECEIVABLE, INVENTORY, BOOKS, RECORDS AND
SUPPORTING OBLIGATIONS, CONTRACTS AND OTHER RIGHTS RELATED THERETO AND CASH
EQUIVALENTS SECURING OBLIGATIONS INCURRED PURSUANT TO ANY SWAP AGREEMENT
PERMITTED IN ACCORDANCE WITH SECTION 7.03(G);
(S)
PLEDGES OF OR LIENS ON RAW MATERIALS OR ON MANUFACTURED PRODUCTS
AS SECURITY FOR ANY DRAFTS OR BILLS OF EXCHANGE DRAWN IN CONNECTION WITH THE
IMPORTATION OF SUCH RAW MATERIALS OR MANUFACTURED PRODUCTS;
(T)
LIENS IN FAVOR OF BANKS THAT ARISE UNDER ARTICLE 4 OF THE UCC ON
ITEMS IN COLLECTION AND DOCUMENTS RELATING THERETO AND PROCEEDS THEREOF AND
LIENS ARISING UNDER SECTION 2-711 OF THE UNIFORM COMMERCIAL CODE;
(U)
ANY OBLIGATIONS OR DUTIES AFFECTING ANY PROPERTY OF THE PARENT OR
ITS SUBSIDIARIES TO ANY MUNICIPALITY OR PUBLIC AUTHORITY WITH RESPECT TO ANY
FRANCHISE, GRANT, LICENSE OR PERMIT THAT DO NOT MATERIALLY IMPAIR THE USE OF
SUCH PROPERTY FOR THE PURPOSES FOR WHICH IT IS HELD;
(V)
UNDETERMINED OR INCHOATE LIENS ARISING IN THE ORDINARY COURSE OF
BUSINESS WHICH HAVE NOT AT SUCH TIME BEEN FILED PURSUANT TO ANY LAWS AGAINST THE
PARENT OR ANY SUBSIDIARY OR WHICH RELATE TO OBLIGATIONS NOT DUE OR DELINQUENT;
(W)
LIENS AFFECTING REAL PROPERTY OF THE PARENT OR ANY SUBSIDIARY WHICH
ARE: (I) TITLE DEFECTS, ENCROACHMENTS OR IRREGULARITIES OF A MINOR NATURE; OR
(II) RESTRICTIONS, EASEMENTS, RIGHTS OF WAY, SERVITUDES OR OTHER SIMILAR RIGHTS
IN LAND (INCLUDING, WITHOUT RESTRICTION, RIGHTS OF WAY AND SERVITUDES FOR
RAILWAYS, SEWERS, DRAINS, GAS AND OIL PIPELINES, GAS AND WATER MAINS, ELECTRIC
LIGHT AND POWER AND TELEPHONE OR TELEGRAPH OR CABLE TELEVISION CONDUITS, POLES,
WIRES AND CABLES) GRANTED TO OR RESERVED BY OTHER PERSONS, AND IN EACH CASE TO
THE EXTENT THAT SUCH LIENS RELATE TO REAL PROPERTY THAT IS MATERIAL TO THE
BUSINESS OF THE PARENT OR ANY SUBSIDIARY, SUCH LIENS DO NOT MATERIALLY INTERFERE
WITH THE USE OF SUCH REAL PROPERTY BY SUCH PERSON;
(X)
LIENS AFFECTING REAL PROPERTY OF THE PARENT OR ANY SUBSIDIARY
WHICH ARE LEASEHOLD OR LICENSE INTERESTS AND RELATING TO REAL PROPERTY THAT IS
NOT OTHERWISE REQUIRED IN THE CONDUCT OF THE BUSINESS OF SUCH PERSON;
(Y)
THE RIGHT RESERVED TO OR VESTED IN ANY GOVERNMENTAL ENTITY BY ANY
STATUTORY PROVISION, OR BY THE TERMS OF ANY LEASE, LICENSE, FRANCHISE, GRANT