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2.4 Limitation on Liens. Borrower will not, and will not <br />permit any subsidiary to, create or suffer to exist any mortgage, <br />pledge, security interest, lien, encumbrance, defect in title or <br />restriction upon the use of their real or personal properties, <br />whether now owned or hereafter acquired, except: <br />(a) the liens or security interests in favor of <br />Congress; <br />(b) tax, mechanics and other like statutory liens <br />arising in the ordinary course of Borrower's or its subsidiary's <br />respective businesses to the extent (i) such liens secure <br />Indebtedness which is not overdue except as set forth on Exhibit E <br />hereto or (ii) until foreclosure or similar proceedings shall have <br />been commenced, such liens secure Indebtedness relating to claims <br />or liabilities which are being contested in good faith by <br />appropriate proceedings available to Borrower or its subsidiaries <br />prior to the commencement of foreclosure or other similar <br />proceedings and are adequately escrowed for or reserved against in <br />Congress' judgment; <br />(c) purchase money mortgages or other purchase money <br />liens or security interests upon any specific fixed assets <br />hereafter acquired, or mortgages, liens or security interests <br />existing on any such future fixed assets at the time of <br />acquisition thereof (including, without limitation, capitalized or <br />finance leases) or in connection with the refinancing of the <br />existing capitalized leases with respect to specific assets, <br />provided, that, (i) no such purchase money or other mortgage, lien <br />or security interest (or capitalized or finance lease, as the case <br />may be) with respect to specific future fixed assets or as <br />refinanced shall extend to or cover any other property, other than <br />the specific fixed assets so acquired, or acquired or refinanced <br />subject to such mortgage, lien or security interest (or lease) and <br />the proceeds thereof, (ii) such mortgage, lien or security <br />interest secures the obligation to pay the purchase price of such <br />specific fixed assets only (or the obligations under the <br />capitalized or finance lease), and (iii) the principal amount <br />secured thereby shall not exceed one hundred (1008) percent of the <br />cost of the fixed assets so acquired; <br />(d) the existing liens, encumbrances or security <br />interests described on Exhibit D hereto. <br />2.5 Loans, Investments, Guaranties, Etc. Borrower will <br />not, and will not permit any subsidiary to, directly or <br />indirectly, make any loans or advance money or property to any <br />Person, or invest in (by capital contribution or otherwise) or <br />purchase or repurchase the stock or Indebtedness or all or a <br />substantial part of the assets or property of any Person, or <br />guarantee, assume, endorse, or otherwise become responsible for <br />-7- <br />