TIIE Rate. Notwithstanding anything to the contrary herein, (i) if the Banco de México fails to publish the TIIE for the applicable Interest Period on the first Business Day of such Interest Period, either temporarily or on a definitive basis, the TIIE Rate shall be calculated applying any rate published by the Banco de México in substitution of the applicable TIIE Rate; and (ii) if (i) above is not available, the TIIE Rate shall be calculated based on the annual yield for the TIIE for a period closest to the duration of the applicable Interest Period, either compounded or calculated based on a 28, 91 or 182 day, as applicable, equivalent basis in substitution of the TIIE Rate.
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Samples: Global Senior Credit Agreement (Prologis, L.P.), Global Senior Credit Agreement (Prologis, L.P.)
TIIE Rate. Notwithstanding anything to the contrary herein, (i) if If the Banco de México fails to publish the TIIE Interbank Equilibrium Interest Rate for the applicable Interest Period on the first Business Day of such Interest Period, either temporarily or on a definitive basis, the TIIE Rate shall be calculated applying any rate published by the Banco de México in substitution of the applicable TIIE Rate; Rate; and (ii) if clause (i) above is not available, the TIIE Rate shall be calculated based on the annual yield for the TIIE Interbank Equilibrium Interest Rate for a period closest to the duration of the applicable Interest Period, either compounded or calculated based on a 28one, 91 three or 182 daysix month, as applicable, equivalent basis in substitution of the TIIE Rate.
Appears in 2 contracts
Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)
TIIE Rate. Notwithstanding anything to the contrary herein, (i) if If the Banco de México fails to publish the TIIE Interbank Equilibrium Interest Rate for the applicable Interest Period on the first Business Day of such Interest Period, either temporarily or on a definitive basis, the TIIE Rate shall be calculated applying any rate published by the Banco de México in substitution of the applicable TIIE Rate; and (ii) if clause (i) above is not available, the TIIE Rate shall be calculated based on the annual yield for the TIIE Interbank Equilibrium Interest Rate for a period closest to the duration of the applicable Interest Period, either compounded or calculated based on a 28one, 91 three or 182 daysix month, as applicable, equivalent basis in substitution of the TIIE Rate.
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TIIE Rate. Notwithstanding anything to the contrary herein, (i) if the Banco de México fails to publish the TIIE for the applicable Interest Period on the first Business Day of such Interest Period, either temporarily or on a definitive basis, the TIIE Rate shall be calculated applying any rate published by the Banco de México in substitution of the applicable TIIE Rate; and (ii) if (i) above is not available, the TIIE Rate shall be calculated based on the annual yield for the TIIE for a period closest to the duration of the applicable Interest Period, either compounded or calculated based on a 28, 91 or 182 day, as applicable, equivalent basis in substitution of the TIIE Rate.. 119
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