Lack of TIIE rate quotation Cláusulas de Ejemplo

Lack of TIIE rate quotation. In case the Banco de Mexico were to stop publishing the TIIE rate quotation, be it temporarily or definitely, the interst rate shall be computed based on the one which the Banco de Mexico shall designate as substitute for the TIIE rate. On the assumption that the Banco de Mexico were not to publish any rate in substitution of the TIIE rate, the Lenders and the Borrower shall determine in good faith, in mutual agreement, and in writing the corresponding substitute rate, provided that: