Rite Aid Corporation: bankruptcy, 2023

1. #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
   ✓Eligible

   Indenture of 2020-07-27

   • ¶ cover page
   • ¶ preamble
   • ¶ Section 2.01 (Amount of Securities)
   • ¶ Appendix A, Section 2.1(a) (Global Securities)
   • ¶ Appendix A, Sections 2.2–2.3 (Authentication; Transfer and Exchange)
   • ¶ Appendix A, Section 2.4(c)–(d) (Definitive Securities)
   • ¶ Exhibit 1 to Appendix A, form of face of Note
2. #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?
   Yes

   Indenture of 2020-07-27

   • ¶ Exhibit 1 to Appendix A, form of face of Note
3. #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
   Yes

   Indenture of 2020-07-27

   • ¶ Section 2.01 (Amount of Securities)
   • ¶ Appendix A, Sections 2.2–2.3 (Authentication; Transfer and Exchange)
4. #4 Does the instrument meet the Not Subordinated characteristic?
   Yes

   Indenture of 2020-07-27

   • ¶ cover page
   • ¶ preamble
5. #5 Does the instrument meet the Not Bearer characteristic?
   Yes

   Indenture of 2020-07-27

   • ¶ Appendix A, Section 2.1(a) (Global Securities)
   • ¶ Appendix A, Section 2.4(c)–(d) (Definitive Securities)
6. #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?
   Yes
   None: no clause making principal contingent was found.
7. #7 Does the instrument meet the Transferable characteristic?
   Yes
   None: no clause restricting transfer was found.
8. #8 Is the issuer of the instrument the Reference Entity?
   Yes

   Indenture of 2020-07-27

   • ¶ Exhibit 1 to Appendix A, form of face of Note

Questions on this case: Deliverability, Deliverable Obligation Characteristic, Additional check, Reference Entity.