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