Ardagh Glass Finance plc - Irish Stock Exchange

currency involved in such computation into euro at the spot rate for the purchase of euro with the
applicable foreign currency as published under ‘‘Currency Rates’’ in the section of the Financial Times
entitled ‘‘Currencies, Bonds & Interest Rates’’ on the date that is two Business Days prior to such
determination.
‘‘European Government Obligations’’ means direct obligations (or certificates representing an
ownership interest in such obligations) of a member state of the European Union as of January 1, 2007
(including any agency or instrumentality thereof) for the payment of which the full faith and credit of
such government is pledged.
‘‘Exchange Act’’ means the U.S. Securities Exchange Act of 1934, as amended, or any successor
statute, and the rules and regulations promulgated by the Commission thereunder.
‘‘Existing Ardagh Bonds’’ means (i) the 2007 Notes and (ii) the Senior Secured Notes.
‘‘Fair Market Value’’ means, with respect to any asset or property, the sale value that would be
obtained in an arm’s length free market transaction between an informed and willing seller under no
compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in
good faith by the Parent Guarantor’s board of directors.
‘‘GE Commercial Finance Facility’’ means the £35,000,000 business finance agreement dated
March 23, 2009 between Ardagh Glass Limited and GE Commercial Finance Limited relating to an
invoice discounting facility.
‘‘Generally Accepted Accounting Principles’’ or ‘‘GAAP’’ means International Financial Reporting
Standards as adopted by the European Union, as in effect from time to time.
‘‘Guarantee’’ means any guarantee of the Issuer’s obligations under the Indenture and the Notes
by the Parent Guarantor, any Restricted Subsidiary or any other Person in accordance with the
provisions of the Indenture, including the Guarantees by the Guarantors dated as of the date of the
Indenture. When used as a verb, ‘‘Guarantee’’ shall have a corresponding meaning.
‘‘guarantees’’ means, as applied to any obligation,
(a) a guarantee (other than by endorsement of negotiable instruments for collection or deposit in
the ordinary course of business), direct or indirect, in any manner, of any part or all of such
obligation; and
(b) an agreement, direct or indirect, contingent or otherwise, the practical effect of which is to
assure in any way the payment or performance (or payment of damages in the event of
non-performance) of all or any part of such obligation, including, without limiting the
foregoing, by the pledge of assets and the payment of amounts drawn down under letters of
credit.
‘‘Interest Rate Agreements’’ means, in respect of a Person, any interest rate protection agreements
and other types of interest rate hedging agreements (including, without limitation, interest rate swaps,
caps, floors, collars and similar agreements) designed to protect such Person against or manage
exposure to fluctuations in interest rates.
‘‘Intercreditor Agreement’’ means the Intercreditor Agreement dated June 18, 2007 as amended,
restated, modified or replaced from time to time, by and among the Issuer, the Parent Guarantor, the
Subsidiary Guarantors party thereto, the Trustee, Law Debenture Trust Company of New York as
trustee for the Senior Secured Notes, Anglo Irish Bank Corporation Limited, The Bank of New York
Mellon as trustee for the 2007 Notes and others.
‘‘Investment’’ means, with respect to any Person, any direct or indirect advance, loan or other
extension of credit (including guarantees) or capital contribution to (by means of any transfer of cash
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