“Permitted Encumbrances” means, with respect to each Real Property, those Liens and other encumbrances permitted by paragraphs [(b), (d), (e), (h), (k), (m) and (o) of Section 7.01]1]1]1]1], provided, however, that in the case of those Liens and other encumbrances permitted by [clause (o) of Section 7.01] and as described in this definition, in the event any Loan Party shall constitute the lessor under any such lease or sublease, no Lien or encumbrance created or permitted to be incurred thereby shall be permitted hereunder except to the extent such Lien or encumbrance would otherwise constitute a Permitted Encumbrance.

“Permitted Encumbrances” means # Liens, encumbrances and other matters disclosed on the Mortgage Policies delivered in connection with Mortgages delivered hereunder, # easements, zoning restrictions, rights-of-way, restrictions on use and other encumbrances on real estate and defects and irregularities in the title thereto (but, with respect to Mortgaged Property, limited to minor defects and irregularities in the title thereto), or any other matter of record, landlord’s or lessor’s Liens under leases to which any Domestic Loan Party is a party, and other Liens none of which in the opinion of the respective Domestic Loan Party interferes materially with the use of real estate of the Domestic Loan Parties taken as a whole in the ordinary conduct of business, which encumbrances, defects and Liens do not individually or in the aggregate have a Material Adverse Effect on # if such real estate is subject to a Mortgage, the value of said real estate or # the business of the Loan Parties and the Restricted Subsidiaries on a consolidated basis, and # the Liens permitted under and described in [clauses (a), (b), (c), (d), (g), (h) and (j) of Section 7.01].