Royalties Coverage Amount definition
Royalties Coverage Amount means, with respect to any Collection Period, the quotient obtained by dividing (x) the aggregate Specified Royalties deposited in the Argentine Collateral Account during such Collection Period by (y) the Argentine peso equivalent, based on the average Peso-Dollar Exchange Rate (for the five Business Days prior to the Payment Date) of Argentine pesos to Dollars during such Collection Period, of the next succeeding Scheduled Payment Amount payable after such Collection Period. The Trustee shall provide to the Argentine Collateral Agent and to the Province upon request the amount in Dollars of the next succeeding Scheduled Payment Amount. The Argentine Collateral Agent shall calculate the Royalties Coverage Amount on the last Business Day of such Collection Period