Poland - Banking services

Description

1) Long-term loan to cover the planned deficit of 2020 and to repay previously contracted liabilities in the form of bond redemption.2) The amount of the loan: 11 594 358.00 PLN.3. The credit will be drawn in two tranches after signing the agreement at the request of the Ordering Party.1st tranche: up to 5 797 179.00 PLN 2nd tranche: up to 5 797 179.00 PLN4. The Contractor applying for the order agrees to the repayment of the credit within 10 years (120 months) counted from January 2023 to December 2032.5The Contractors will accept the rule that: a. starting from January 2023 the credit will be repaid in 24 months equal capital installments of 75 819,00 PLN each, in the following years, i.e. from January 2025 the credit will be repaid in 95 months equal capital installments of 101 819,00 PLN each and the last 120th installment of 101 897,00 PLN;b. The capital will be paid on each last working day of the calendar month;c. Interest on the loan will be calculated from the actually used amount of the loan;d. Interest on the loan will be calculated in monthly periods and paid in monthly periods on the last working day of the month ending the calendar month.6The contractor will not charge any other fees related to the execution of the loan granting agreement.7 They will guarantee the possibility of earlier loan repayment or multiple capital installments without incurring additional costs by the Orderer.8 They will take WIBOR 1M (monthly average) as the basis for the loan interest rate, valid from the first to the last day of each month preceding the given interest period.9The bank's margin will be added to WIBOR 1M and will remain unchanged throughout the entire credit term - the term of the agreement.10 The base rate (WIBOR 1M) and interest due for payment in subsequent months will be notified to the Purchaser in writing, not later than ten business days before the payment date.11In the case of early repayment of the loan, interest will be calculated for the period of its actual use.12. In the case of early repayment of the loan by the Principal, the parties will establish a new loan repayment schedule and the arrangements made will be recorded in the form of an annex to the agreement.13. The Principal reserves the right not to disburse the loan in whole or in part, which will not charge the Principal with any additional costs.14The Orderer reserves the right to disburse tranches in a lower amount, or to omit a tranche in its entirety.15. The Orderer reserves the right to change the dates and amounts of tranches.16. During the term of the agreement, the bank does not charge other fees for granting and repaying the loan.17.The Contractor's commission is 0%.19. The only form of credit security will be a blank promissory note with a promissory note declaration and the possibility of countersigning the County Treasurer.20. The Contractor is obliged to prepare a draft contract with a schedule, which will be submitted to the Purchaser after the selection of the Contractor and expiry of the time limit for lodging an appeal.21. The Contractor will appoint a named employee to service the Purchaser in the execution of the contract.22The Contracting Authority shall not specify in the description of the subject matter of the contract any requirements concerning employment (defined in art. 36 item 2 point 8a of the PPL Act) by the Economic Operator or Subcontractor on the basis of the contract for persons performing the activities indicated by the Contracting Authority within the scope of the contract in the way defined in art. 22 §1 of the Act of 26 June 1974. - The Contracting Authority declares that it is not in arrears in payment of social security contributions and is not in arrears in payment of taxes to the Tax Office.

Opportunity closing date

18 May 2020

Value of contract

to be confirmed