ENCUMBRANCES AFFECTING REAL PROPERTY OR IMMATERIAL IMPERFECTIONS
OF TITLE WHICH DO NOT, IN THE AGGREGATE, MATERIALLY INTERFERE WITH THE ORDINARY
CONDUCT OF THE BUSINESS OF THE LOAN PARTIES, TAKEN AS A WHOLE;
(H)
LIENS SECURING JUDGMENTS NOT CONSTITUTING AN EVENT OF DEFAULT
UNDER SECTION 8.01(H);
(I)
LIENS SECURING INDEBTEDNESS OF THE TYPE PERMITTED UNDER SECTION
7.02(F);
(J)
LIENS UPON SPECIFIC ITEMS OF INVENTORY OR OTHER GOODS AND
PROCEEDS OF ANY PERSON SECURING SUCH PERSON'S OBLIGATIONS IN RESPECT OF BANKERS'
ACCEPTANCES ISSUED OR CREATED FOR THE ACCOUNT OF SUCH PERSON TO FACILITATE THE
PURCHASE, SHIPMENT OR STORAGE OF SUCH INVENTORY OR OTHER GOODS;
(K)
LIENS SECURING REIMBURSEMENT OBLIGATIONS WITH RESPECT TO
COMMERCIAL LETTERS OF CREDIT WHICH ENCUMBER DOCUMENTS AND OTHER ASSETS RELATING
TO SUCH LETTERS OF CREDIT AND PRODUCTS AND PROCEEDS THEREOF;
(L)
LIENS ENCUMBERING DEPOSITS MADE TO SECURE OBLIGATIONS ARISING
FROM STATUTORY, REGULATORY, CONTRACTUAL OR WARRANTY REQUIREMENTS OF THE PARENT
OR ITS SUBSIDIARIES, INCLUDING RIGHTS OF OFFSET AND SETOFF;
(M)
BANKERS' LIENS, RIGHTS OF SETOFF AND OTHER SIMILAR LIENS EXISTING
SOLELY WITH RESPECT TO CASH AND CASH EQUIVALENTS ON DEPOSIT IN ONE OR MORE
ACCOUNTS MAINTAINED BY THE PARENT OR ITS SUBSIDIARIES, IN EACH CASE GRANTED IN
THE ORDINARY COURSE OF BUSINESS IN FAVOR OF THE BANK OR BANKS WITH WHICH SUCH
ACCOUNTS ARE MAINTAINED, SECURING AMOUNTS OWING TO SUCH BANK WITH RESPECT TO
CASH MANAGEMENT AND OPERATING ACCOUNT ARRANGEMENTS, INCLUDING THOSE INVOLVING
POOLED ACCOUNTS AND NETTING ARRANGEMENTS, PROVIDED THAT IN NO CASE SHALL ANY
SUCH LIENS SECURE (EITHER DIRECTLY OR INDIRECTLY) THE REPAYMENT OF ANY
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
86
MERGED WITH OR INTO OR CONSOLIDATED WITH THE PARENT OR ITS SUBSIDIARIES (AND NOT
CREATED IN 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