iesy Repository GmbH - Irish Stock Exchange

Date of any Indebtedness that has been converted into or exchanged for Capital Stock of the Issuer (other than
Disqualified Stock or Designated Preference Shares) or Subordinated Shareholder Funding (plus the amount of any
cash received by the Issuer or any Restricted Subsidiary upon such conversion or exchange);
(iv) the amount equal to the net reduction in Restricted Investments made by the Issuer or any of its Restricted
Subsidiaries resulting from:
(A) repurchases, redemptions or other acquisitions or retirements of any such Restricted Investment,
proceeds realized upon the sale or other disposition to a Person other than the Issuer or a Restricted Subsidiary of
any such Restricted Investment, repayments of loans or advances or other transfers of assets (including by way of
dividend, distribution, interest payments or returns of capital) to the Issuer or any Restricted Subsidiary; or
(B) the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries (valued, in each case, as
provided in the definition of “Investment”) not to exceed, in the case of any Unrestricted Subsidiary, the amount
of Investments previously made by the Issuer or any Restricted Subsidiary in such Unrestricted Subsidiary,
which amount, in each case under this clause (iv), was included in the calculation of the amount of Restricted
Payments; provided, however, that no amount will be included in Consolidated Net Income for purposes of the
preceding clause (i) to the extent that it is (at the Issuer’s option) included under this clause (iv); and
(v) the amount of the cash received by the Issuer or any of its Restricted Subsidiaries in connection with:
(A) the sale or other disposition (other than to the Issuer or a Restricted Subsidiary or an employee stock
ownership plan or trust established by the Issuer or any Subsidiary of the Issuer for the benefit of its employees
to the extent funded by the Issuer or any Restricted Subsidiary) of Capital Stock of an Unrestricted Subsidiary of
the Issuer; and
(B) any dividend or distribution made by an Unrestricted Subsidiary to the Issuer or a Restricted
Subsidiary;
provided, however, that no amount will be included in Consolidated Net Income for purposes of the preceding
clause (i) to the extent that it is (at the Issuer’s option) included under this clause (v); provided, further, however,
that such amount shall not exceed the amount included in the calculation of the amount of Restricted Payments.
The foregoing provisions will not prohibit any of the following (collectively, “Permitted Payments”):
(1) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Capital Stock, Disqualified
Stock, Designated Preference Shares, Subordinated Shareholder Funding, Subordinated Indebtedness or Subsidiary
Guarantor Subordinated Indebtedness made by exchange (including any such exchange pursuant to the exercise of a
conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out
of the proceeds of the substantially concurrent sale of, Capital Stock of the Issuer (other than Disqualified Stock or
Designated Preference Shares), Subordinated Shareholder Funding or a substantially concurrent contribution to the equity
(other than through the issuance of Disqualified Stock or Designated Preference Shares or through an Excluded
Contribution) of the Issuer; provided, however, that to the extent so applied, the Net Cash Proceeds from such sale of
Capital Stock or Subordinated Shareholder Funding or such contribution will be excluded from clause (c)(ii) of the
preceding paragraph;
(2) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness
or Subsidiary Guarantor Subordinated Indebtedness made by exchange for, or out of the proceeds of the substantially
concurrent sale of, Refinancing Indebtedness permitted to be Incurred pursuant to the covenant described under “—
Certain Covenants—Limitation on Indebtedness” above;
(3) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Preferred Stock of the Issuer
or a Restricted Subsidiary made by exchange for or out of the proceeds of the substantially concurrent sale of Preferred
Stock of the Issuer or a Restricted Subsidiary, as the case may be, that, in each case, is permitted to be Incurred pursuant to
the covenant described under “—Certain Covenants—Limitation on Indebtedness” above, and that in each case,
constitutes Refinancing Indebtedness;
(4) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness
or Subsidiary Guarantor Subordinated Indebtedness:
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