Ardagh Glass Finance plc - Irish Stock Exchange

‘‘Securities Act’’ means the U.S. Securities Act of 1933, as amended, or any successor statute, and
the rules and regulations promulgated by the Commission thereunder.
‘‘Senior Agent’’ means any agent or successor agent appointed under any Senior Credit Facility or
the Senior Secured Notes to which any Subsidiary Guarantor is a party or designated as ‘‘Senior
Agent’’ in any instrument or document evidencing Senior Debt.
‘‘Senior Credit Facilities’’ means any Credit Facility of the Guarantors, including the Senior
Facilities Agreement and the GE Commercial Finance Facility.
‘‘Senior Debt’’ means:
(a) all Debt under any Credit Facility permitted to be incurred under the provisions of the
‘‘Limitation on Debt’’ covenant and all Commodity Hedging Agreements, Currency
Agreements and Interest Rate Agreements and other obligations with respect thereto;
(b) any other Debt permitted to be incurred by the Issuer, the Parent Guarantor or any Restricted
Subsidiary that provides a Guarantee under the terms of the Indenture unless, with respect to
such a Restricted Subsidiary, the instrument under which such Debt is incurred expressly
provides that it is on a parity with or subordinated in right of payment to its Guarantee, as
the case may be; and
(c) all obligations with respect to the items listed in the preceding clauses (a) and (b).
Notwithstanding anything to the contrary in the preceding, Senior Debt will not include:
(i) any liability for taxes owed or owing by the Issuer or the Guarantors;
(ii) any Debt that is incurred in violation of the Indenture or the terms of the Notes, as the case
may be; or
(iii) any trade payables.
‘‘Senior Facilities Agreement’’ means the Facility Agreement dated March 9, 2007 among the
Parent Guarantor and Anglo Irish Bank Corporation Limited, as amended and restated on June 12,
2009 among the Parent Guarantor, certain Subsidiary Guarantors and Anglo Irish Bank Corporation
Limited as amended or supplemented from time to time.
‘‘Senior PIK Notes’’ means the A126,250,000 10.75% Senior PIK Notes due 2015 issued originally
by Caona plc (now Ardagh Glass Group plc).
‘‘Senior Secured Notes’’ means the A300,000,000 aggregate principal amount of 9.250% first
priority senior secured notes due 2016 issued by Ardagh Glass Finance plc and guaranteed on a senior
secured basis by Ardagh Glass Holdings Limited.
‘‘Silent Second Liens’’ means Liens granted in favor of Debt (the ‘‘second priority Debt’’) on
property or assets of the Parent Guarantor or any of its Restricted Subsidiaries that:
(a) are by law or under the terms of an intercreditor agreement reasonably acceptable to the
Trustee second in priority to first priority Liens on such property or assets; and
(b) are subject to arrangements in form and substance reasonably satisfactory to the Trustee which
provide (x) that any payments on enforcement of the Liens in such property or assets (other
than payments to the security agent, trustee, administrative agent or other representative of
the holders of the second priority Debt) to the holders of the second priority Debt (or their
representatives) will only be made once the Debt secured by the first priority Liens on such
property or assets have been satisfied in full and (y) that the holders of the second priority
Debt (and their representatives) will have no ability to cause the enforcement of, or direct the
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