MoneyGram 2009 Annual Report Download - page 444

(x) Liens 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 not for speculative purposes;
(y) set-off rights arising in the ordinary course of business;
(z) any attachment or judgment Lien against Holdco, the Company or any Company Subsidiary, or any property of Holdco, the Company or any Company
Subsidiary, so long as such Lien secures claims not otherwise constituting an Event of Default;
(aa) Liens that are contractual rights of set-off (i) relating to the establishment of depository relations with banks not given in connection with the issuance
of Indebtedness, (ii) relating to pooled deposit or sweep accounts of Holdco, the Company or any Company Subsidiary to permit satisfaction of overdraft or
similar obligations incurred in the ordinary course of business of Holdco, the Company and the Company Subsidiaries or (iii) relating to purchase orders and
other agreements entered into with customers of Holdco, the Company or any Company Subsidiary in the ordinary course of business;
(bb) Liens securing Indebtedness or other obligations of Company Subsidiaries owing to the Company or another Company Subsidiary permitted to be
incurred in accordance with Section 4.09 hereof;
(cc) restrictive contractual obligations with respect to assets comprising the Payment Instruments Funding Amounts or Payment Service Obligations,
provided that such contractual obligations are no more restrictive in nature than those in effect on the Closing Date;
(dd) ordinary course of business contractual obligations with clearing banks relative to clearing accounts, provided that such contractual obligations are no
more restrictive in nature than those in effect on the Closing Date;
(ee) the deposit or pre-funding of amounts in escrow pursuant to contractual obligations contained in customer agreements securing obligations not
exceeding $25.0 million in the aggregate; and
(ff) other Liens securing obligations not otherwise permitted by this definition not exceeding $100.0 million in the aggregate.
"Person" means any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company, trust, unincorporated
organization, government or any agency or political subdivision thereof or any other entity.
"PIK Interest" means interest paid in the form of increasing the outstanding principal amount of the Notes.
"PIK Payment" means an interest payment made by increasing the outstanding principal amount of the Notes.
''preferred stock" means any Equity Interest with preferential rights of payment of dividends or distributions or upon liquidation, dissolution, or winding
up. For purposes hereof, the amount (or principal amount) of any preferred stock shall be equal to the greater of its voluntary or involuntary liquidation
preference. 24