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This excerpt taken from the CVS 8-K filed Mar 23, 2007. Liens
Create, incur,
assume or suffer to exist any
Lien against or on any Property now owned or hereafter acquired by the Borrower
or any of the Subsidiaries, or permit any of the Subsidiaries so to do, except
any one or more of the following types of Liens: (a) Liens in connection with
workers’ compensation, unemployment insurance or other social security
obligations (which phrase shall not be construed to refer to ERISA or the
minimum funding obligations under Section 412 of the Code), (b) Liens to secure
the performance of bids, tenders, letters of credit, contracts (other than
contracts for the payment of Indebtedness), leases, statutory obligations,
surety, customs, appeal, performance and payment bonds and other obligations
of
like nature, in each such case arising in the ordinary course of business,
(c)
mechanics’, workmen’s, carriers’, warehousemen’s, materialmen’s, landlords’ or
other like Liens arising in the ordinary course of business with respect to
obligations which are not due or which are being contested in good faith and
by
appropriate proceedings diligently conducted, (d) Liens for taxes, assessments,
fees or governmental charges the payment of which is not required by Section
7.2, (e) easements, rights of way, restrictions, leases of Property to others,
easements for installations of public utilities, title imperfections and
restrictions, zoning ordinances and other similar encumbrances affecting
Property which in the aggregate do not materially impair its use for the
operation of the business of the Borrower or such Subsidiary, (f) Liens on
Property of the Subsidiaries under capital leases and Liens on Property of
the
Subsidiaries acquired (whether as a result of purchase, capital lease, merger
or
other acquisition) and either existing on such Property when acquired, or
created contemporaneously with or within 12 months of such acquisition to secure
the payment or financing of the purchase price of such Property (including
the
construction, development, substantial repair, alteration or improvement
thereof), and any renewals thereof, provided
that such
Liens attach only to the Property so purchased or acquired (including any such
construction, development, substantial repair, alteration or improvement
thereof) and This excerpt taken from the CVS 8-K filed Aug 15, 2006. Liens” means such pledges, mortgages, security interests and other liens on any Principal Property of the Company or a Restricted Subsidiary which secure Secured Debt.
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