Class Debt Parties definition

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

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

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

Examples of Class Debt Parties in a sentence

• 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.

• Section 8.09 of the Term Intercreditor Agreement provides that such Junior Class Debt Representative may become a Representative under, and such Junior Class Debt and such Junior Class Debt Parties may become subject to and bound by, the Term Intercreditor Agreement pursuant to the execution and delivery by the Junior 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.

• Except as expressly provided herein or in the Additional First Lien Security Documents in respect of any Series of Additional Senior Class Debt, the Additional Senior Class Debt Representative and Additional Senior Class Debt Collateral Agent in respect of such Series of Additional Senior Class Debt is acting solely in such capacities for the Additional Senior Class Debt Parties in respect of such Series of Additional Senior Class Debt.

• Second Lien Intercreditor Agreement applicable to it vision a Senior Priority Representative and to bend Senior Priority Class Debt Parties that it represents as Senior Priority Secured Parties.

• EACH PARTY HERETO HEREBY Senior Class Debt in respect of which such Additional Senior Class Debt Representative is the IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL Authorized Representative and such Additional Senior Class Debt Collateral Agent is the ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY Collateral Agent and the related Additional Senior Class Debt Parties become subject hereto and COUNTERCLAIM THEREIN.

More Definitions of Class Debt Parties

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

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

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 either case, (i) receipt by the Senior Collateral ...

Class Debt Parties is defined in Section 10.12.