Ardagh Glass Finance plc - Irish Stock Exchange

‘‘Permitted Liens’’ means the following types of Liens:
(a) Liens existing as of the date of the issuance of the Notes;
(b) Liens securing Debt under Credit Facilities, the Senior Secured Notes and any other Senior
Debt permitted to be incurred pursuant to ‘‘—Certain Covenants—Limitation on Debt’’ and
Liens on any property or assets of the Parent Guarantor or a Restricted Subsidiary to secure
Debt permitted to be incurred pursuant to clause (b) of paragraph (2) of ‘‘—Certain
Covenants—Limitation on Debt’’;
(c) Liens on assets given, disposed of, or otherwise transferred in connection with a Permitted
Receivables Financing permitted to be incurred pursuant to clause (m) of paragraph (2) of
‘‘—Certain Covenants—Limitation on Debt’’;
(d) Liens on any property or assets of a Restricted Subsidiary granted in favor of the Parent
Guarantor, the Issuer or any Restricted Subsidiary;
(e) Liens on any of the Parent Guarantor’s or any Restricted Subsidiary’s property or assets
securing the Notes or any Guarantees;
(f) any interest or title of a lessor under any Capitalized Lease Obligation and Liens to secure
Debt (including Capitalized Lease Obligations) permitted under ‘‘—Certain Covenants—
Limitation on Debt’’ covering only the assets acquired with such Debt;
(g) Liens arising out of conditional sale, title retention, consignment or similar arrangements for
the sale of goods entered into by the Parent Guarantor or any Restricted Subsidiary in the
ordinary course of business in accordance with the Parent Guarantor’s or such Restricted
Subsidiary’s past practices prior to the date of the Indenture;
(h) statutory Liens of landlords and carriers, warehousemen, mechanics, suppliers, materialmen,
repairmen, employees, pension plan administrators or other like Liens arising in the ordinary
course of the Parent Guarantor’s or any Restricted Subsidiary’s business and with respect to
amounts not yet delinquent or being contested in good faith by appropriate proceedings and
for which a reserve or other appropriate provision, if any, as shall be required in conformity
with GAAP shall have been made or Liens arising solely by virtue of any statutory or common
law provisions relating to attorney’s liens or bankers’ liens, rights of set-off or similar rights
and remedies as to deposit accounts or other funds maintained with a creditor depositary
institution;
(i) Liens for taxes, assessments, government charges or claims that are not yet delinquent or that
are being contested in good faith by appropriate proceedings promptly instituted and diligently
conducted and for which a reserve or other appropriate provision, if any, as shall be required
in conformity with GAAP shall have been made;
(j) Liens incurred or deposits made to secure the performance of tenders, bids or trade or
government contracts, or to secure leases, statutory or regulatory obligations, surety or appeal
bonds, performance bonds or other obligations of a like nature incurred in the ordinary course
of business (other than obligations for the payment of money);
(k) zoning restrictions, easements, licenses, reservations, title defects, rights of others for
rights-of-way, utilities, sewers, electrical lines, telephone lines, telegraph wires, restrictions,
encroachments and other similar charges, encumbrances or title defects and incurred in the
ordinary course of business that do not in the aggregate materially interfere with in any
material respect the ordinary conduct of the business of the Parent Guarantor and its
Restricted Subsidiaries on the properties subject thereto, taken as a whole;
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