Class Debt definition

Class Debt has the meaning assigned to such term in Section 8.09.

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Class Debt has the meaning assigned to such term in Section 15.09(a).

Class Debt means, collectively, the First Lien Class Debt and Second Lien Class Debt.

Examples of Class Debt in a sentence

• The undersigned is a [“New Credit Agreement Agent”][“Additional Senior Class Debt Representative”] under, and as defined in, the First-Lien Intercreditor Agreement.

• Each Authorized Representative acknowledges and agrees that upon execution and delivery of a Joinder Agreement substantially in the form of Annex II by an Additional Senior Class Debt Representative and each Grantor in accordance with this Section 5.13, the Additional Collateral Agent will continue to act in its capacity as Additional Collateral Agent in respect of the then existing Authorized Representatives (other than the Administrative Agent) and such additional Authorized Representative.

• Upon the joinder of any Class Debt Representative all related Secured Obligations shall also be subject to this Agreement.

• If one or more of the Second Priority Debt Parties exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Senior Representative and the Second Priority Class Debt Representative.

• Upon the joinder of any Class Debt Representative, all related Secured Obligations shall also be subject to this Agreement.

• Each of the Holders by acceptance of the Notes agrees that upon the Notes Collateral Agents’ entry into the First Lien Intercreditor Agreement, the Holders shall be subject to and bound by the provisions of the First Lien Intercreditor Agreement in their capacity as holders of Senior Class Debt and Additional First Lien Secured Parties (as each such term is defined in the First Lien Intercreditor Agreement).

• All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 12.2 of the Indenture and all notices to any Additional Senior Class Debt Representative shall be given to it at the address set forth in the Joinder Agreement.

• The Collateral Agent is hereby designated as, and will for all purposes of the Collateral Trust and Intercreditor Agreement be, the “Second Priority Class Debt Representative” for the Second Priority Loan Obligations.

• Section 8.09 of the Term Intercreditor Agreement provides that such Senior Class Debt Representative may become a Representative under, and such Senior Class Debt and such Senior Class Debt Parties may become subject to and bound by, the Term Intercreditor Agreement, pursuant to the execution and delivery by the Senior Class Debt Representative of an instrument in the form of this Joinder and the satisfaction of the other conditions set forth in Section 8.09 of the Term Intercreditor Agreement.

• If a Grantor, the Credit Agreement Collateral Agent or any other Collateral Agent or Senior Class Debt Representative elects to give the Notes Collateral Agent e-mail or facsimile instructions (or instructions by a similar electronic method) and the Notes Collateral Agent in its discretion elects to act upon such instructions, the Notes Collateral Agent’s understanding of such instructions shall be deemed controlling.

More Definitions of Class Debt

Class Debt has the meaning assigned to such term in Section 8.09. 31447057_4 32101176_5 NEWYORK 8661362 (2K)

Class Debt is defined in Section 8.12. “Class Debt Parties” is defined in Section 8.12. “Class Debt Representative” is defined in Section 8.12. “Collateral Account” is defined in Section 3.01. 2 “Definitions Annex” means the Definitions Annex, dated as of June 5, 2009, annexed hereto (as amended, supplemented or otherwise modified from time to time). “Distribution Date” means the date on which any funds are distributed by the Senior Collateral Agent or the Second Priority Collateral Trustee in accordance with the provisions of Section 4.01. “Event of Default” means any “Event of Default” under any Senior Debt Document or any “Event of Default” under any Second Priority Debt Document. “Fees” means, with respect to the Second Priority Collateral Trustee, the Senior Collateral Agent, any other Senior Representative or any Second Priority Representative, any fees, expenses, reimbursements or indemnifications payable by Rite Aid or any Subsidiary Guarantor to such Person in such capacity. “Reduction Event” means any Asset Sale or Casualty/Condemnation, in each case solely to the extent a Reduction would be required in connection therewith. “Second Priority Class Debt” is defined in Section 8.12. “Second Priority Class Debt Parties” is defined in Section 8.12. “Second Priority Class Debt Representative” is defined in Section 8.12. “Secured Documents” means (a) each Senior Debt Document and (b) each Second Priority Debt Document. “Secured Obligations” means, without duplication, (a) the Senior Obligations and (b) the Second Priority Debt Obligations. “Secured Parties” means (a) the Senior Secured Parties and (b) the Second Priority Debt Parties. “Senior Class Debt” is defined in Section 8.12. “Senior Class Debt Parties” is defined in Section 8.12. “Senior Class Debt Representatives” is defined in Section 8.12. “Triggering Event” means (x) the occurrence of any Event of Default and, as a result thereof, (A) the acceleration (including any automatic acceleration in connection with any Bankruptcy Proceeding) of the principal amount of any Senior Obligations or Second Priority Debt Obligations under the terms of any Senior Debt Document or any Second Priority Debt Document or (B) the commencement of the exercise of remedies in respect of Collateral (it being understood that the exercise by the Senior Collateral Agent of its cash sweep rights pursuant to Section 9.15 of the Senior Credit Agreement shall not be deemed an exercise of remedies in respect of Collateral) and (y) in e...

Class Debt is defined in Section 10.12.

Class Debt means any Senior Class Debt and/or any Second Priority Class Debt, as applicable.

Class Debt shall have the meaning set forth in Section 5.7.