MoneyGram 2009 Annual Report Download - page 239

(viii) ordinary course pledges or deposits to secure bids, tenders, contracts (other than for the payment of Indebtedness for borrowed money) or leases to
which such Person is a party or deposits as security for contested taxes, import duties or the payment of rent;
(ix) Liens in favor of the issuer of stay, customs, appeal, performance and surety bonds or bid bonds or with respect to other regulatory requirements or
securing bonds required by applicable state regulatory licensing requirements or letters of credit or bank guarantees or similar instruments in lieu of such
items or to support the issuance thereof issued pursuant to the request of and for the account of such Person in the ordinary course of its business;
(x) Liens on property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided, however, such Liens are not created or
incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided further that such Liens may not extend to any
other property owned by the Borrower or any Borrower Subsidiary and that such Liens are released within 30 days of such Person becoming a Subsidiary;
(xi) Liens on property at the time the Borrower or a Borrower Subsidiary acquired the property, including any acquisition by means of a merger or
consolidation with or into the Borrower or any Borrower Subsidiary; provided, however, that such Liens are not created or incurred in connection with, or
in contemplation of, such acquisition; and provided further that the Liens may not extend to any other property owned by the Borrower or any Borrower
Subsidiary;
(xii) licenses, sublicenses, leases or subleases entered into in the ordinary course of business that do not materially impair their use in the operation of
the business of Holdco, the Borrower and the Borrower Subsidiaries, taken as a whole;
(xiii) purported Liens evidenced by the filing of precautionary UCC financing statements relating solely to operating leases of personal property entered
into in the ordinary course of business;
(xiv) deposits made in the ordinary course of business to secure liability to insurance carriers;
(xv) Liens (A) of a collection bank arising under Section 4-210 of the UCC on items in the course of collection, (B) encumbering reasonable customary
initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course
of business and (C) in favor of banking institutions arising as a matter of law encumbering deposits (including the right of set-off) and which are within the
general parameters customary in the banking industry;
(xvi) any attachment or judgment Lien against Holdco, the Borrower or any Borrower Subsidiary, or any property of Holdco, the Borrower or any
Borrower 89