“Lien” shall mean, with respect to any Property, # any mortgage, deed of trust, lien (statutory or otherwise), pledge, encumbrance, claim, charge, assignment, hypothecation, security interest or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property, and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided, that in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.

“Lien” shall mean,means, with respect to any Property,asset # any mortgage, deed of trust, lien (statutory or otherwise),lien, hypothecation, pledge, encumbrance, claim, charge, assignment, hypothecation, security interest or similar encumbrance of any kind, including any easement, right-of-wayin or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntarysuch asset; or imposed by law, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property, and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided,asset; provided that in no event shallwill an operating lease, any capital lease (including a Tenant Improvement Lease Transaction)in respect of Real Property permitted hereunder, or an agreement to sell be deemed to constitute a Lien.

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutory or otherwise),lien, pledge, encumbrance, claim,hypothecation, charge, assignment, hypothecation, security interest or other encumbrance on, in or of any kind,such asset, including any easement, right-of-way or other encumbrance on titleagreement to Real Property, in eachprovide any of the foregoing cases whether voluntary or imposed by law,foregoing, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or Synthetic Lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property,asset and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided, that insecurities. In no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitutebe a Lien.

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutorylien, pledge, hypothecation, encumbrance, charge or otherwise), pledge, encumbrance, claim, charge, assignment, hypothecation, security interest in, on or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property,asset (but not including the interests of lessors under operating leases) and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided, that in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.securities.

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutorylien, pledge, hypothecation, encumbrance, charge or otherwise), pledge, encumbrance, claim, charge, assignment, hypothecation, security interest in, on or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset and # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property, and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided,asset; provided that in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutorylien, pledge, hypothecation, encumbrance, charge or otherwise), pledge, encumbrance, claim, charge, assignment, hypothecation, security interest in, on or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property,asset and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided, thatsecurities, except in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.favor of the issuer thereof.

“Lien” shall mean, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutory or otherwise),lien, hypothecation, pledge, encumbrance, claim, charge, assignment, hypothecation,charge or security interest in or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property,asset and # in the case of securities,securities (other than securities representing an interest in a joint venture that is not a Subsidiary), any purchase option, call or similar right of a third party with respect to such securities; provided, that in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.securities.

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutorylien, pledge, hypothecation, encumbrance, charge or otherwise), pledge, encumbrance, claim, charge, assignment, hypothecation, security interest in, on or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset, # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property,asset and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided,securities, except in favor of the issuer thereof (and in the case of Investments that are securities, excluding customary drag-along, tag-along, right of first refusal and other similar rights in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.favor of the equity holders of the same issuer).

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutory or otherwise),lien, pledge, encumbrance, claim, charge, assignment, hypothecation, charge or security interest on, in or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset and # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property, and # in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided,asset; provided that in no event shall an operating lease (including a Tenant Improvement Lease Transaction)shall not be deemed to constitute a Lien.

“Lien” shall mean,means, with respect to any Property,asset, # any mortgage, deed of trust, lien (statutorylien, pledge, hypothecation, encumbrance, charge or otherwise), pledge, encumbrance, claim, charge, assignment, hypothecation, security interest in or encumbrance of any kind, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law,such asset and # the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such Property, and # inasset, but excluding, for the caseavoidance of securities,doubt, any purchase option, call or similar right of a third party with respect to such securities; provided, that in no event shall an operating lease (including a Tenant Improvement Lease Transaction) be deemed to constitute a Lien.lease.