Poland - Lending services

Description

Order comprises: granting a long-term credit to the county of Walbrzych in the amount of PLN 3,600,000.00
The order includes: granting a long-term loan to the County of Walbrzych in the amount of PLN 3,600,000.001) Purpose of the loan - the loan will be used to cover the planned deficit.2) Disbursement of the loan will take place in non-cash form through execution of the Ordering Party's instructions. Disbursement of funds will be adapted to current financial needs. 3) The final date for the use of the loan is December 30, 2023.4) The interest rate on the loan according to a variable base rate WIBOR 3 M - determined on the last day of the month preceding the interest period plus a fixed margin of the bank.5) The Ordering Party does not provide for a commission on granting the loan. 6) The interest rate for each interest period will be determined on the basis of the current WIBOR 3 M rates established on the last day of the month preceding the interest period.7) The bank will calculate interest only on the disbursed tranches of the loan.8) The loan period from 2023 to 2038.9) The Ordering Party reserves the right to extend the loan period during the execution of the agreement. 10) The loan will be repaid in 15 annual installments in the years 2024 - 2038 on the last working day of the month of November starting from the year 2024, i.e. - 1st installment in the year 2024 in the amount of PLN 100,000.00,- 2nd installment in the year 2025 in the amount of PLN 200,000.00,- 3rd installment in the year 2026 in the amount of PLN 100,000.00,- 4th installment in the year 2027 in the amount of 100.000,00 PLN,- 5 installment in 2028 in the amount of 100,000,00 PLN,- 6 installment in 2029 in the amount of 100,000,00 PLN,- 7 installment in 2030 in the amount of 300,000,00 PLN,- 8 installment in 2031 in the amount of 350,000,00 PLN,- 9 installment in 2032 in the amount of 350,000,00 PLN,-10 installment in 2033 in the amount of 350,000,00 PLN,-11 installment in 2034 in the amount of 350.000,00 PLN,-12 installment in 2035 in the amount of 350,000,00 PLN,-13 installment in 2036 in the amount of 350,000,00 PLN,-14 installment in 2037 in the amount of 300,000,00 PLN,-15 installment in 2038 in the amount of 200.000.00 PLN11) The date of repayment of the loan installment shall be the date of receipt of funds to the loan account or technical account (if the loan repayment is made before the date specified in the schedule, then this day is the date of repayment of the loan).12) Interest on the loan payable on the last working day of each month starting from the first full month after the date of disbursement of the first tranche of the loan until November 2038, i.e. making the last principal installment payment.13) The Ordering Party reserves the right to cancel submitted instructions to disburse a credit tranche one business day before the date of disbursement of the tranche, indicated in the instruction.14) In case of early repayment of the credit by the Ordering Party, the bank will not charge commissions and other additional fees.15) In case of the need to annex the credit agreement, the bank will not charge commissions and other additional fees.16) The bank will not charge commissions and other additional fees for issuing an opinion/certificate on the timeliness of credit repayment.17) In the event that it is necessary to open additional accounts at the lending bank for servicing the loan, the bank will not charge any fees and commissions on this account.18) The loan will be secured by a blank promissory note together with a promissory note declaration. 19) The contract will be signed at the Employer's office.20) One loan agreement will be signed under the contract.21) The Treasurer will countersign the promissory note declaration securing the loan agreement.22) The Employer reserves the right to resign from the loan without any financial consequences. 23) The Ordering Party reserves the right not to use the entire amount of the credit without incurring any costs for this and without the required consent of the Contractor and the need to draw up an annex, provided that the minimum amount of the credit will be PLN 2,000,000.00.

Opportunity closing date

15 March 2023

Value of contract

£100k-1m