UNITED MEXICAN STATESTerms Agreement • January 22nd, 2019 • United Mexican States • Foreign governments • New York
This Terms Agreement supersedes all prior agreements and understandings (whether written or oral) between Mexico and the Underwriters, or any of them, with respect to the subject matter hereof.
To the UNDERWRITERS named in the TERMS AGREEMENT referred to below, and the following parties Deutsche Bank Trust Company Americas New York, New York 10005 Cleary Gottlieb Steen & Hamilton LLP One Liberty Plaza New York, New York 10006 Sullivan &...Terms Agreement • January 22nd, 2019 • United Mexican States • Foreign governments
This opinion is being delivered to you pursuant to the Terms Agreement dated January 16, 2019 (the “TERMS AGREEMENT”) among MEXICO, and Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC (the “UNDERWRITERS”), which TERMS AGREEMENT incorporates by reference, and modifies certain provisions of, Mexico’s standard underwriting terms dated August 2016 (the “UNDERWRITING TERMS”) between MEXICO and the Persons named therein, based solely upon the examination of the documents listed in subsection II(2) set forth below, and in accordance with applicable Mexican law in force as of the date hereof; therefore, I express no opinion in respect of any laws other than as to the laws of MEXICO. I have assumed for the purpose of this opinion (except with respect to matters of which I have personal knowledge): (a) that each of the documents
