Juridical Condition definition

Juridical Condition means, as of any time of determination, (a) as long as, as a matter of law, it has not been definitely determined, through a final judgment which is not subject to further appeal, that the legislative provisions of Law 12,734 shall or shall not be given effect as to the Assigned Oil Revenues and the Assigned Oil Revenue Rights, then the Juridical Condition is one, and (b) otherwise, the Juridical Condition is two, provided that the Forward-Looking Debt Service Coverage Ratio shall be then determined using the actual Forward RJS Royalty Rates and the actual Forward RJS Special Participation Rates that then apply under such Applicable Law for each future Quarterly Reporting Period; further provided that, for the purpose of calculating clause (b)(i) of the Oil Revenue Change of Law Impairment Factor, the
View Source

Related to Juridical Condition

  • Medical condition means either of the following:

  • Environmental Condition has the meaning ascribed to it in Part E of the Network Code; "Environmental Damage" has the meaning ascribed to it in Part E of the Network Code; "European licence" has the meaning ascribed to it in section 6(2) of the Act;

  • Serious Medical Condition means all of the following medical conditions:

  • Urgent medical condition means a condition that satisfies either of the following:

  • Environmental Conditions means the presence in the environment, including the soil, groundwater, surface water or ambient air, of any Hazardous Material at a level which exceeds any applicable standard or threshold under any Environmental Law or otherwise requires investigation or remediation (including, without limitation, investigation, study, health or risk assessment, monitoring, removal, treatment or transport) under any applicable Environmental Laws.