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Ardagh Glass Finance plc - Irish Stock Exchange

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‘‘Unrestricted Subsidiary’’ means:<br />

(a) any Subsidiary of the Parent Guarantor that at the time of determination is an Unrestricted<br />

Subsidiary (as designated by the Parent Guarantor’s board of directors pursuant to the<br />

‘‘Designation of Unrestricted and Restricted Subsidiaries’’ covenant); and<br />

(b) any Subsidiary of an Unrestricted Subsidiary.<br />

‘‘Voting <strong>Stock</strong>’’ means any class or classes of Capital <strong>Stock</strong> pursuant to which the holders thereof<br />

have the general voting power under ordinary circumstances to elect at least a majority of the board of<br />

directors, managers or trustees (or Persons performing similar functions) of any Person (irrespective of<br />

whether or not, at the time, stock of any other class or classes shall have, or might have, voting power<br />

by reason of the happening of any contingency).<br />

‘‘Wholly Owned Restricted Subsidiary’’ means any Restricted Subsidiary, all of the outstanding<br />

Capital <strong>Stock</strong> (other than directors’ qualifying shares or shares of Restricted Subsidiaries required to be<br />

owned by third parties pursuant to applicable law) of which are owned by the Parent Guarantor or by<br />

one or more other Wholly Owned Restricted Subsidiaries or by the Parent Guarantor and one or more<br />

other Wholly Owned Restricted Subsidiaries.<br />

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