class-default act as a last resort under policy configuration. If there are multiple classes to check against the traffic then policy will compare traffic against all the classes and if there is no match then actions for class-default will be used.
In your case
ACE will look for the condition in "class L7-URL" , if it matches then it will use sticky-group test (which should have a serverfarm associated to it). Serverfarm under the sticky group will be used if the client request matches the class L7-URL.
If client request doesnt match the condition in "class L7-URL" then server farm test (under class-default) will be used.
HTH
Syed iftekhar Ahmed