FairPoint Communications 2004 Annual Report Download - page 263

(e) Liens arising from judgments, decrees or attachments and Liens securing appeal bonds arising from judgments, in each case in
circumstances not constituting an Event of Default under Section 8.09;
(f) Liens (other than any Lien imposed by ERISA) incurred or deposits made in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations,
surety and appeal bonds, bids, leases, government contracts, performance and return-of-money bonds and other similar obligations incurred in the
ordinary course of business (exclusive of obligations in respect of the payment for borrowed money);
(g) leases or subleases granted to others not interfering in any material respect with the business of the Borrower or any of its
Subsidiaries;
(h) easements, rights-of-way, restrictions, minor defects or irregularities in title and other similar charges or encumbrances not
interfering in any material respect with the ordinary conduct of the business of the Borrower or any of its Subsidiaries;
(i) Liens arising from precautionary UCC financing statement filings regarding operating leases entered into by the Borrower or any
of its Subsidiaries in the ordinary course of business and statutory and common law landlords’ liens under leases to which the Borrower or any of
its Subsidiaries is a party;
(j) purchase money Liens securing payables arising from the purchase by the Borrower or any Subsidiary Guarantor of any
equipment or goods in the normal course of business, provided that such payables shall not constitute Indebtedness;
(k) any interest or title of a lessor under any lease permitted by this Agreement;
(l) Liens in existence on, and which are to continue in effect after, the Effective Date which are listed, and the property subject
thereto described in, Annex V, plus extensions and renewals of such Liens, provided that (x) the aggregate principal amount of the Indebtedness, if
any, secured by such Liens does not increase from that amount outstanding at the time of any such extension or renewal and (y) any such extension
or renewal does not encumber any additional assets or properties of the Borrower or any of its Subsidiaries;
(m) Liens arising pursuant to purchase money mortgages or security interests securing Indebtedness representing the purchase price
(or financing of the purchase price within 90 days after the respective purchase) of assets acquired by the Borrower or any Subsidiary after the
Initial Borrowing Date, provided that (i) any such Liens attach only to the assets so acquired, (ii) the Indebtedness secured by any such Lien does
not exceed 100%, nor is less than 70%, of the lesser of the fair market value or purchase price of the property being purchased at the time of the
incurrence of such Indebtedness and (iii) the Indebtedness secured by such Liens is permitted by Section 7.04(e);
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