MoneyGram 2009 Annual Report Download - page 443

(k) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person's obligations in respect of bankers' acceptances
issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods;
(1) Liens existing on the Closing Date set forth on Schedule 1.1 (b) hereto;
(m) any Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancing, refunding, extensions, renewals or
replacements) as a whole, or in part, of any Indebtedness secured by any Lien of the type referred to in clauses (a), (f), (g), (i) and (1); provided, however, that
(x) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property and the proceeds and
products thereof), and (y) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (A) the outstanding
principal amount of the Indebtedness permitted pursuant to such clause (a), (f), (g), (i) and (1) and (B) an amount necessary to pay any fees and expenses,
including premiums, related to such refinancing, refunding, extension, renewal or replacement;
(n) Liens in favor of Holdco, the Company or any Company Subsidiary;
(o) licenses, sublicenses, leases or subleases that do not materially impair their use in the operation of the business of Holdco, the Company and the
Company Subsidiaries, taken as a whole;
(p) Liens solely on any cash earnest money deposits relating to asset sales or acquisition not in the ordinary course in connection with any letter of intent or
purchase agreement not prohibited by this Indenture;
(q) 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;
(r) any zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any real property;
(s) 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;
(t) deposits made in the ordinary course of business to secure liability to insurance carriers;
(u) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of
goods in the ordinary course of business;
(v) Liens (i) of a collection bank arising under Section 4-210 of the UCC on items in the course of collection, (ii) attaching to commodity trading accounts
or other commodity brokerage accounts incurred in the ordinary course of business, and (iii) 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;
(w) Liens deemed to exist in connection with Repurchase Agreements; provided that such Liens do not extend to any assets other than those that are the
subject of such Repurchase Agreements; 23