Ardagh Glass Finance plc - Irish Stock Exchange

lease has been extended or may, at the option of the lessor, be extended, or until the earliest date on
which the lessee may terminate such lease without penalty or upon payment of penalty (in which case
the rental payments shall include such penalty), after excluding from such rental payments all amounts
required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water,
utilities and similar charges.
‘‘Average Life’’ means, as of the date of determination with respect to any Debt, the quotient
obtained by dividing:
(a) the sum of the products of:
(i) the numbers of years from the date of determination to the date or dates of each
successive scheduled principal payment of such Debt multiplied by
(ii) the amount of each such principal payment;
by
(b) the sum of all such principal payments.
‘‘Bund Rate’’ means, with respect to any redemption date, the rate per annum equal to the
equivalent yield to maturity as of such redemption date of the Comparable German Bund issue,
assuming a price for the Comparable German Bund issue (expressed as a percentage of its principal
amount) equal to the Comparable German Bund Price for such redemption date, where:
(a) ‘‘Comparable German Bund Issues’’ means the German Bundesanleihe security selected by
any Reference German Bund Dealer as having a fixed maturity most nearly equal to the
period from such redemption date to February 1, 2015, and that would be utilized, at the time
of selection and in accordance with customary financial practice, in pricing new issues of euro
denominated corporate debt securities in a principal amount approximately equal to the then
outstanding principal amount of the Notes and of a maturity most nearly equal to February 1,
2015; provided that if the period from such redemption date to February 1, 2015 is less than
one year, a fixed maturity of one year shall be used;
(b) ‘‘Comparable German Bund Price’’ means, with respect to any redemption date, the average
of the Reference German Bund Dealer Quotations for such redemption date, after excluding
the highest and lowest such Reference German Bund Dealer Quotations, or if the Issuer
obtains fewer than four such Reference German Bund Dealer Quotations, the average of all
such quotations;
(c) ‘‘Reference German Bund Dealer’’ means any dealer of German Bundesanleihe securities
appointed by the Trustee in consultation with the Issuer; and
(d) ‘‘Reference German Bund Dealer Quotations’’ means, with respect to each Reference German
Bund Dealer and any redemption date, the average as determined by the Issuer of the bid and
offered prices for the Comparable German Bund issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Issuer by such Reference German
Bund Dealer at 3:30 p.m. Frankfurt, Germany time on the third business day preceding such
redemption date.
‘‘Business Day’’ means a day of the year on which banks are not required or authorized by law to
close in Dublin, New York City or London and, in relation to a transaction involving euro, any
TARGET day.
‘‘Capital Stock’’ means, with respect to any Person, any and all shares, interests, partnership
interests (whether general or limited), participations, rights in or other equivalents (however
designated) of such Person’s equity, any other interest or participation that confers the right to receive
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