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<br />"Legal Requirements" means applicable common law and any <br />statute, ordinance, code or other law, rule, regulation, order, <br />technical or other standard, requirement or procedure enacted, <br />adopted, promulgated, applied or followed by any Governmental <br />Authority, including Judgments. <br />"Lien" means any security agreement, financing <br />statement filed with any Governmental Authority, conditional sale <br />or other title retention agreement, any lease, consignment or <br />bailment given for purposes of security, any lien, mortgage, <br />indenture, pledge, option, encumbrance, adverse interest, <br />constructive trust or other trust, claim, attachment, exception <br />to or defect in title or other ownership interest (including but <br />not limited to reservations, rights of entry, possibilities of <br />reverter, encroachments, easement, rights-of-way, restrictive <br />covenants leases and licenses) of any kind, which otherwise <br />constitutes an interest in or claim against property, whether <br />arising pursuant to any Legal Requirement, Contract or otherwise. <br />"Litigation" means any claim, action, suit, proceeding, <br />arbitration, investigation, hearing, or other activity or <br />procedure that could result in a Judgment. <br />"Losses" means any claims, losses, liabilities, damages, <br />Liens, penalties, costs and expenses, including but not limited <br />to interest which may be imposed in connection therewith, <br />expenses of investigation, reasonable fees and disbursements of <br />counsel and other experts, and the cost to any Person seeking the <br />recovery of damages or indemnification under this Agreement with <br />respect to funds expended by such Person by reason of the <br />occurrence of any event with respect to which indemnification or <br />damages are sought, but shall in no event include incidental or <br />consequential damages. <br />"Permitted Liens" means (i) arc valorem taxes not currently <br />due and payable and (ii) easements and restrictions of record <br />that do not render title thereto unmerchantable and could not <br />interfere with the use thereof by the Company for the purposes <br />for which currently used by the Company. <br />"Person" means any natural person, Governmental Authority, <br />corporation, general or limited partnership, joint venture, <br />trust, association, or unincorporated entity of any kind. <br />"Purchase Price" has the meaning given in Section 2.2. <br />"Shares" means 100 outstanding shares of common stock of the <br />Company, $0.01 per share par value. <br />"Tax Return" means any report, return, statement or other <br />written information supplied, or required by Legal Requirements <br />3 <br />