Poland - Credit granting services

Description

3.1 The subject of the contract is the service of taking out a loan paid in tranches up to the amount of PLN 8,739,294.00 to cover the budget deficit and to repay instalments of previously taken out loans.3Detailed terms and conditions of the order, including quality standards referred to in Art. 91 par. 2a of the Act.3.2.1. The Contractor's commission shall be calculated proportionally to the actual tranche of the loan disbursed. The bank commission shall be paid within 7 days from the date of receipt of the credit tranche on the Ordering Party's account. The commission shall be paid to the account indicated by the Contractor.3.2.4. The Contractor's margin shall be fixed during the contract period. For further description of the order see item II.2.4.
3.2.5. The Contractor should include all credit costs in the offer price - the bank shall not charge any other commissions and fees related to the performance of the credit agreement, including fees for any banking activities related to credit service. 3.2.6. The Contracting Authority reserves the lower use of the credit than it results from this specification. The Contractor shall not charge additional interest, commissions and other fees on the unused part of the credit. 3.2.7. The base interest rate shall be based on WIBOR 1M increased by the Contractor's margin. 3.2.8. The amount of used credit shall bear interest on an annual basis at a variable interest rate. The interest rate is equal to the reference rate plus the bank's margin. The reference rate is WIBOR 1M rate established for the first accounting period according to the quotations for 2 working days preceding the day of total or partial disbursement of the loan, and for subsequent accounting periods for 2 working days preceding the beginning of a given accounting period. If the WIBOR rate for the second business day is not quoted, the quotations from the previous day on which the WIBOR rate was quoted shall be used to calculate the interest rate accordingly. In each accounting period included in the contractual credit term, the credit interest rate is fixed.3.2.9. The interest payment will be made on the last day of each calendar month, with the first interest payment to be made on the last day of the calendar month in which the first tranche of credit was disbursed, subsequent monthly (calendar month) accounting periods are counted from the day of the end of the previous accounting period, and the last accounting period ends on the day of full repayment of the credit. The calculation of interest shall be delivered by the Contractor to the Principal 7 days before the payment date; 3.2.10. 3.2.10. The principal shall be repaid after the lapse of the grace period in semi-annual periods in the installments and repayment periods specified below, with the proviso that the Principal has the right to change the content of the agreement with regard to the repayment schedule dates and their amount without charging additional fees and commissions on this account:- until 31 December 2020 - grace period, - in the year 2021-2023 - by 30 June for the first half of a given year and by 31 December for the second half of a given year in equal instalments in the amount of PLN 25,000.00, - in the years 2024-2031 - by 30 June for the first half of a given year and by 31 December for the second half of a given year in equal instalments in the amount of 50,000,00 PLN,- in 2032 - by 30 June for the first half of the given year and by 31 December for the second half of the given year in equal instalments of 1 950 000,- in 2033 - by 30 June for the first half of the given year and by 31 December for the second half of the given year in equal instalments of 1 944 647,00 PLN.3.2.11. The loan shall be secured with a blank promissory note together with a promissory note declaration.3.2.12. In the case of early repayment of the entire or part of the loan, no additional fees and commissions shall be charged and interest shall be calculated only on the amount of the current debt outstanding.3.2.13. The credit will be disbursed on the basis of the Ordering Party's instruction, with the last tranche to be credited to the Ordering Party's bank account no later than 31.12.2020.3.2.14. The borrower's instruction will be executed in a non-cash form to the bank account indicated by the Ordering Party within 3 business days of submission of the instruction.3.2.15. The credit will be repaid by 31 December 2033.

Opportunity closing date

31 July 2020

Value of contract

to be confirmed