Liens incurred by Borrower in the ordinary course of business for items not past due and payable, including mechanics' and materialmen's liens and deposits and charges for workers' compensation and liens for taxes and assessments not past due and payable.
Liens incurred by Borrower with the consent of the Required Lenders;
Liens incurred in connection with a cash management program established in the ordinary course of business;
Liens incurred in connection with the purchase by the Company or a Subsidiary of assets (excluding inventory) provided the Indebtedness secured thereby does not exceed the purchase price of such asset, plus any related interest and fees and the Lien attaches only to the asset so purchased, any additions, enhancements or improvements thereof and the proceeds thereof.
Liens incurred by the Borrower or a Subsidiary for taxes, assessments or governmental charges or levies to the extent permitted to remain unpaid by Section 8.3 hereof and materialmen's and warehousemen's Liens securing obligations not overdue, or if overdue, being contested in good faith by appropriate proceedings, PROVIDED that adequate reserves are established in accordance with GAAP;
Liens incurred by the Borrower and the Borrower's Subsidiaries as permitted under the Credit Agreement;
Liens incurred in the ordinary course of business of the Borrower or any Subsidiary of the Borrower with respect to obligations that do not exceed $5,000,000 at any one time outstanding;
Liens incurred by Borrower with the consent of the Required Lenders or otherwise permitted by the terms of the Revolving Credit Agreement or the Intercreditor Agreement; provided that the term "Permitted Encumbrances" shall not include any Lien described in clauses (a) through (h) above that secures Indebtedness for borrowed money.
Liens incurred by the Borrower or any Restricted Subsidiary of the Borrower with respect to obligations that do not exceed, at any one time outstanding, the sum of (a) $20.0 million, plus (b) if, at the time of incurrence and after giving pro forma effect thereto, the Consolidated Secured Debt Ratio would be no greater than 3.0 to 1.0, an additional $20.0 million; in each case, measured at the time of incurrence thereof;
Liens incurred by the Borrower in connection with the real estate located in Wood Dale, Illinois, known as the Corporate Headquarters of the Borrower securing debt not to exceed Twenty Five Million Dollars ($25,000,000.00).
