MoneyGram 2009 Annual Report Download - page 442

(a) Liens on assets of the Company or any of the Guarantors securing Credit Facilities pursuant to clause (b)(l) of Section 4.09;
(b) pledges or deposits by such Person under workmen's compensation laws, unemployment insurance laws, old age pensions, or other social security or
retirement benefits, or similar legislation, 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 or import duties or for the payment of rent;
(c) to the extent imposed by law, landlords', carriers', warehousemen's and mechanics' Liens and other similar Liens, in each case for sums overdue for a
period of not more than 30 days or 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 proceedings for review;
(d) Liens for taxes, assessments or other governmental charges or claims overdue for a period of not more than 30 days or subject to penalties for
nonpayment or which are being contested in good faith by appropriate proceedings;
(e) 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, in an
amount outstanding not to exceed $25.0 million; provided, however that there shall be no dollar limitation on any such Liens to the extent the bonds were
required by applicable state regulatory licensing requirements or any appeal bonds posted in connection with litigation;
(f) Liens securing Indebtedness permitted to be incurred pursuant to Sections 4.09(b)(4) or (5); provided, that Liens securing Indebtedness permitted to be
incurred pursuant to clauses (b)(4) and (5) are solely on the assets financed, purchased, constructed, improved, acquired or assets of the acquired entity, as the
case may be, and the proceeds and products thereof and accessions thereto;
(g) Liens created for the benefit of (or to secure) the Notes (or the Note Guarantees) subject to the Intercreditor Agreement;
(h) 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 Company or any Company Subsidiary and that such Liens are released within 30 days of such Person becoming a Subsidiary;
(i) Liens on property at the time the Company or a Company Subsidiary acquired the property, including any acquisition by means of a merger or
consolidation with or into the Company or any Company 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 Company or any Company
Subsidiary;
(j) Liens securing Hedging Obligations incurred pursuant to Section 4.09(b)(11);
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