Permitted Liens

Permitted Liens. (i) any Lien for taxes not yet due or delinquent or being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP; (ii) any Lien created by operation of law, such as materialmen's Liens, mechanics' Liens and other similar Liens, arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings; (iii) any statutory Lien... arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent and any Lien constituting a renewal, extension or replacement thereof; (iv) pledges or deposits by the Company under worker's compensation laws, unemployment insurance laws or similar legislation; (v) existing Liens described in the Company's publicly available reports filed pursuant to the 1934 Exchange Act; or (vi) any Lien to secure obligations in respect of the Senior Debt up to $10,000,000 View More

Permitted Liens. (a) warehousemen's, mechanics', carriers' and other similar liens arising by operation of law in the ordinary course of Debtor's businesses; (b) liens in favor of the Secured Parties; and (c) purchase money security interests in tangible personal property purchased or leased by Debtor where the security interest covers only such property and secures only the cost thereof and which do not exceed $100,000 in the aggregate at any time.