1.00;
(N)
INVESTMENTS RELATING TO A RECEIVABLES SUBSIDIARY THAT, IN THE GOOD
FAITH DETERMINATION OF THE BORROWER ARE NECESSARY OR ADVISABLE TO EFFECT ANY
RECEIVABLES FACILITY;
(O)
ADVANCES TO, OR GUARANTEES OF INDEBTEDNESS OF, EMPLOYEES NOT IN
EXCESS OF $15,000,000 OUTSTANDING AT ANY ONE TIME, IN THE AGGREGATE;
(P)
LOANS AND ADVANCES TO OFFICERS, DIRECTORS AND EMPLOYEES FOR
BUSINESS-RELATED TRAVEL EXPENSES, MOVING EXPENSES AND OTHER SIMILAR EXPENSES, IN
EACH CASE INCURRED IN THE ORDINARY COURSE OF BUSINESS OR CONSISTENT WITH PAST
PRACTICES OR TO FUND SUCH PERSON'S PURCHASE OF EQUITY INTERESTS OF THE BORROWER
OR ANY DIRECT OR INDIRECT PARENT COMPANY THEREOF; AND
43
(Q)
INVESTMENTS CONSISTING OF LICENSING OF INTELLECTUAL PROPERTY
PURSUANT TO JOINT MARKETING ARRANGEMENTS WITH OTHER PERSONS.
"Permitted Liens" means, with respect to any Person:
(A)
PLEDGES, DEPOSITS OR SECURITY BY SUCH PERSON UNDER WORKMEN'S
COMPENSATION LAWS, UNEMPLOYMENT INSURANCE, EMPLOYERS' HEALTH TAX AND OTHER
SOCIAL SECURITY OR STATUTORY LAWS OR SIMILAR LEGISLATION, OR GOOD FAITH DEPOSITS
IN CONNECTION WITH BIDS, TENDERS, CONTRACTS (OTHER THAN FOR THE PAYMENT OF
INDEBTEDNESS) OR LEASES TO WHICH SUCH PERSON IS A PARTY, OR DEPOSITS TO SECURE
PUBLIC OR STATUTORY OBLIGATIONS OF SUCH PERSON OR DEPOSITS OF CASH OR U.S.
GOVERNMENT BONDS TO SECURE SURETY OR APPEAL BONDS TO WHICH SUCH PERSON IS A
PARTY, OR DEPOSITS AS SECURITY FOR CONTESTED TAXES OR IMPORT DUTIES OR FOR THE
PAYMENT OF RENT OR DEPOSITS, IN EACH CASE INCURRED IN THE ORDINARY COURSE OF
BUSINESS;
(B)
LIENS IMPOSED BY LAW, SUCH AS LANDLORDS', CARRIERS',
WAREHOUSEMEN'S, MATERIALMEN'S, REPAIRMEN'S AND MECHANICS' LIENS, IN EACH CASE
FOR SUMS NOT YET OVERDUE FOR A PERIOD OF MORE THAN 30 DAYS OR BEING CONTESTED IN
GOOD FAITH BY APPROPRIATE ACTIONS OR OTHER LIENS ARISING OUT OF JUDGMENTS OR
AWARDS AGAINST SUCH PERSON WITH RESPECT TO WHICH SUCH PERSON SHALL THEN BE
PROCEEDING WITH AN APPEAL OR OTHER PROCEEDINGS FOR REVIEW IF ADEQUATE RESERVES
WITH RESPECT THERETO ARE MAINTAINED ON THE BOOKS OF SUCH PERSON IN ACCORDANCE
WITH GAAP; PROVIDED THAT ANY SUCH LIENS GRANTED IN FAVOR OF LANDLORDS IN THE
PROVIDENCE OF QUEBEC SECURING THE PAYMENT OF RENT SHALL BE CONSENSUAL AND
SUBORDINATED TO THE LIEN OF THE COLLATERAL AGENT;
(C)
LIENS FOR TAXES, ASSESSMENTS OR OTHER GOVERNMENTAL CHARGES NOT YET
OVERDUE FOR A PERIOD OF MORE THAN 30 DAYS OR WHICH ARE BEING CONTESTED IN GOOD
FAITH BY APPROPRIATE ACTIONS DILIGENTLY CONDUCTED, IF ADEQUATE RESERVES WITH
RESPECT THERETO ARE MAINTAINED ON THE BOOKS OF SUCH PERSON IN ACCORDANCE WITH
GAAP, OR FOR PROPERTY TAXES ON PROPERTY THAT THE BORROWER OR ONE OF ITS
SUBSIDIARIES HAS DETERMINED TO ABANDON IF THE SOLE RECOURSE FOR SUCH TAX,
ASSESSMENT, CHARGE, LEVY OR CLAIM IS TO SUCH PROPERTY;
(D)
LIENS IN FAVOR OF ISSUERS OF PERFORMANCE, SURETY, BID, INDEMNITY,
WARRANTY, RELEASE, APPEAL OR SIMILAR BONDS OR WITH RESPECT TO OTHER REGULATORY
REQUIREMENTS OR LETTERS OF CREDIT OR BANKERS' ACCEPTANCES ISSUED, AND COMPLETION
GUARANTEES PROVIDED FOR, IN EACH CASE PURSUANT TO THE REQUEST OF AND FOR THE
ACCOUNT OF SUCH PERSON IN