Ardagh Glass Finance plc - Irish Stock Exchange

otherwise require any cash payment (other than as a result of insolvency proceedings of the Parent
Guarantor), in each case prior to the 90th day following the repayment in full of the Notes and all
other amounts due under the Indenture, (iii) does not provide for or require any security interest or
encumbrance over any asset of the Parent Guarantor or any Restricted Subsidiary and (iv) does not
contain any covenants (financial or otherwise) other than a covenant to pay such Deeply Subordinated
Funding.
‘‘Default’’ means any event that is, or after notice or passage of time or both would be, an Event
of Default.
‘‘Designated Senior Debt’’ means (a) any Debt outstanding under the Senior Credit Facilities and
the Senior Secured Notes and (b) any other Senior Debt permitted under the Indenture the principal
amount of which is A20 million or more as of the date of determination and that has been designated
by the Issuer, the Parent Guarantor or the relevant Restricted Subsidiary as ‘‘Designated Senior Debt’’.
‘‘Disinterested Director’’ means, with respect to any transaction or series of related transactions, a
member of the Parent Guarantor’s board of directors who does not have any material direct or indirect
financial interest in or with respect to such transaction or series of related transactions or is not an
Affiliate, or an officer, director or employee of any Person (other than the Parent Guarantor or any
Restricted Subsidiary) who has any direct or indirect financial interest in or with respect to such
transaction or series of related transactions; provided that no member of the Parent Guarantor’s board
of directors shall be deemed to have any such direct or indirect financial interest solely as a result of
such member’s ownership of Capital Stock of Ardagh Glass Group plc or any successor or holding
company thereof or such member’s serving on the board of directors of Ardagh Glass Group plc or any
successor or holding company thereof.
‘‘Enforcement Action’’ means, in relation to any Debt of a Subsidiary Guarantor, any action
(whether taken by the relevant creditor or creditors or an agent or trustee on its or their behalf) to:
(a) demand payment, declare prematurely due and payable or otherwise seek to accelerate
payment of all or any part of such Debt;
(b) recover all or any part of such Debt (including, by exercising any rights of set-off or
combination of accounts);
(c) exercise or enforce any rights under or pursuant to any guarantee or other assurance given by
such Subsidiary Guarantor in respect of such Debt;
(d) exercise or enforce any rights under any security interest whatsoever which secures such Debt;
(e) commence legal proceedings against any Person; or
(f) commence, or take any other steps which could lead to the commencement of:
(i) any insolvency, liquidation, dissolution, winding-up, administration, receivership,
compulsory merger or judicial re-organization of any Person;
(ii) the appointment of a trustee in bankruptcy, or insolvency conciliator, ad hoc official,
judicial administrator, a liquidator or other similar officer in respect of any Person; or
(iii) any other similar process or appointment.
‘‘euro’’ or ‘‘A’’ means the lawful currency of the member states of the European Union who have
agreed to share a common currency in accordance with the provisions of the Maastricht Treaty dealing
with European monetary union.
‘‘Euro Equivalent’’ means, with respect to any monetary amount in a currency other than euro, at
any time for the determination thereof, the amount of euro obtained by converting such foreign
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