MoneyGram 2009 Annual Report Download - page 238

(xix) upfront payments, signing bonuses and similar payments paid to agents and guaranties of agent commissions, in each case in the ordinary course
of business and consistent with past practice;
(xx) Acquisitions, for aggregate consideration not to exceed $28,000,000 in the aggregate, on terms substantially consistent with the terms set forth on
Schedule 6.14(xx); and
(xxi) additional Investments in an aggregate amount, taken together with all other Investments previously made pursuant to this clause (xxi) not to
exceed $25,000,000 (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in
value).
Section 6.15 Liens. The Borrower will not, nor will it permit any Borrower Subsidiary to, create, incur, or suffer to exist any Lien in, of or on the Property
of the Borrower or any of the Borrower Subsidiaries, except:
(i) second-priority Liens securing obligations under the Second Lien Documents;
(ii) Liens created pursuant to the Collateral Documents (which Liens shall equally and ratably secure Rate Management Obligations owing to Rate
Management Counterparties);
(iii) Liens for taxes, assessments or governmental charges, claims or levies not yet overdue for a period of more than 30 days or subject to penalties for
nonpayment, or which are being contested in good faith and by appropriate proceedings;
(iv) Liens imposed by law, such as landlord's, carriers', warehousemen's and mechanics' Liens and other similar Liens arising in the ordinary course of
business which secure payment of obligations not more than 30 days past due or which are being contested in good faith by appropriate proceedings or
other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding in good faith with an appeal
or other proceeding for review so long as no such Lien secures claims constituting a Default under Section 7.8;
(v) Liens arising out of pledges or deposits under worker's compensation laws, unemployment insurance, old age pensions, or other social security or
retirement benefits, or similar legislation;
(vi) minor survey exceptions, minor encumbrances, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines,
telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens incidental to the conduct of
the business of such Person or to the ownership of its properties;
(vii) Liens in existence on the Effective Date and identified in all material respects on Schedule 6.15 hereto;
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