Poland - Lending services

Description

3. the subject of the contract includes the granting of a long-term loan in the amount of PLN 2,250,000.00 for financing the planned budget deficit.
(4) The long-term credit will be granted on the following terms: 1) the loan will be taken until November 30, 2022, 2) the loan will be disbursed in two tranches: - the first tranche by December 15, 2022, - the second tranche during the term of the agreement on the date specified by the ordering party, 3) the repayment date - 30.06.2035, 4) repayment of the loan will take place in the years 2023-2035 in installments. Repayment dates and the amount of installments are specified in Appendix No. 2 to the specification, 5) if the repayment date falls on a public holiday, then it is assumed that the repayment date is the day following the holiday, 6) it is assumed that Saturday is not a business day, 7) interest on the credit taken will not be capitalized, 8) the form of security for the repayment of the credit will be a blank promissory note, countersignature of the treasurer will be on the promissory note declaration and the agreement, 9) interest on the credit used will be calculated by the contractor on the basis of the actual number of days in a year, ie. 365 or 366 in a leap year, on a quarterly basis starting from the quarter in which the loan is first disbursed. Interest repayment dates shall be determined on the dates of repayment of individual loan installments, 10) The interest rate on the loan will be variable, calculated as the sum of the margin proposed by the contractor in its bid and the WIBOR 3M rate, rounded to two decimal places. The amount of the margin will be fixed throughout the term of the loan (contract term). The WIBOR 3M rate will change on a calendar quarterly basis and will be in effect from the first day starting the calendar quarter to the last day ending the calendar quarter. The WIBOR 3M rate applicable in a calendar quarter, published on Bankier.pl assumes the value of the last working day of the month preceding the next period, 11) in the event of liquidation of the WIBOR 3M rate, it will be changed by mutual agreement of the parties to a rate that will replace the WIBOR 3M rate, or to a rate most similar in size and character to the WIBOR 3M rate, at no cost to the ordering party, 12) on the day of signing the agreement the WIBOR 3M rate is assumed to be 2 business days prior to the date of signing the agreement, 13) the contractor will disburse the credit funds in the amount and on the date indicated by the ordering party in the instruction submitted to the contractor no later than 3 business days before the planned disbursement of the credit, The credit will be disbursed in Polish zlotys, in a non-cash form, debited to the account referred to in item 14, without charging a commission on the unused portion of the credit, 14) the credit will be disbursed in the form of a transfer from the credit account to the basic account of the municipal budget No. 60 9542 0008 2007 0009 9251 0001 opened at the Bobrowniki Municipality in the Cooperative Bank in Lipno, 15) the ordering party reserves the right to cancel the submitted instruction to disburse a credit tranche no later than one business day before the date of disbursement of the tranche indicated in the instruction, 16) the final date for the use of the credit is 31.12.2022 r., failure to use the credit in full or in part by this date will mean the ordering party's resignation from further use of the credit or its part, in such case the ordering party will submit a written statement of resignation from further use of the credit, 17) the ordering party shall have the right to early repayment of the credit in full or in part at the date indicated by it, provided that the contractor is notified of this fact in writing, by fax or e-mail, no later than 7 working days before the date of early repayment of the credit in full or in part, without incurring additional fees and commissions on this account. Interest on the actual debt will be calculated by the Bank and payable quarterly. 18) The contractor's margin shall be fixed throughout the term of the loan, 19) The loan repayment schedule will be attached to the agreement.

Opportunity closing date

19 October 2022

Value of contract

to be confirmed