Poland - Credit granting services

Description

The subject of the contract is the granting and servicing of a long-term bank loan with the repayment date from 30.9.2021 to 31.12.2040 to finance the repayment of loans, credits and bonds from previous years. Credit in PLN.
Terms and conditions of granting the loan. The Contractor shall place the credit at the disposal of the Contracting Authority on the day of signing the credit agreement, provided that legal security of repayment is established. The loan shall be disbursed no later than on the next business day from the date of submitting the instruction to the e-mail address or fax number indicated by the Contractor via the Internet banking system to the budget account of Wądroże Wielkie Commune kept in Bank Spółdzielczy w Jaworze. Mściwojów Branch No. 12 8647 1020 0215 0130 2000 0007. The final date of the loan disbursement shall be September 30, 2020 or the day following the date of submission by the borrower of a written statement on resignation from further loan disbursement. The credit facility will be repaid in four quarterly instalments payable each year until 30 June 2021: 31.3., 30.6., 30.9. and 30.12. The first capital instalment will be payable on 30.9.2021, and the last on 30.12.2040. A detailed schedule of capital instalment repayments is specified in Appendix No. 6 to the ToR. Interest will be calculated on the amount of actual debt taking into account actual credit utilisation and will be payable within three-month accounting periods, each year until: 31.3., 30.6., 30.9. and 30.12. The first accounting period will fall on 30.12.2020. A year equal to 365 days and the actual number of days in a given calendar month shall be used for the calculation of interest. If the deadline for repayment of the principal and/or interest installment falls on a day off, they shall be paid on the first business day after the day off 31.3, 30.6, 30.9 and 30.12. The Contractor shall not charge any additional fees and commissions for granting and servicing the credit beyond those listed in the ToR. The interest rate on the loan shall be variable, equal to the sum of WIBOR 3M + m, where m is a fixed bank margin unchanged during the term of the agreement. WIBOR 3M will be taken from the last business day of the month preceding the month of interest repayment. For the first interest period the interest rate will be determined on the basis of WIBOR 3M from the last day of the month preceding the month in which the agreement is signed. For the purposes of the offer, WIBOR 3M of 30.6.2020, i.e. 0,26 % p.a. The loan will be granted without a separate credit application, in Polish currency. The credit shall be placed at the disposal of the Contracting Authority in a credit account opened with the Contractor. The loan shall be secured with a blank promissory note together with a promissory note declaration. The countersignature of the Treasurer shall be on the bill of exchange declaration. The security may be realized in case of delay in payment of capital instalments or interest exceeding 30 days. The Ordering Party does not allow the submission of the declaration pursuant to Article 777 § 1 point 5 of the Code of Civil Procedure. The Orderer reserves the right to use a smaller amount of credit or to resign from the credit, as well as the possibility of early repayment of the credit or its part without incurring any costs. In the case of using a smaller amount of credit, interest will be charged on the amount of credit used, and in the case of early repayment for the actual period of use. The Contractor is responsible for timely transfer of funds to the Ordering Party's account. The Ordering Party reserves the right to extend the repayment of the capital installment up to 30 days twice during the entire credit period without a separate decision of the Contractor. The Principal shall inform the bank about the fact of using the extension no later than 15 days before the payment date of the instalment to be extended. During the extension period, the Contractor shall not charge an increased interest rate. The Contracting Authority reserves the right to change the amount of capital instalments during the financial year, depending on the financial condition of the municipality, each time in agreement with the Contractor. The Contractor shall inform the Contracting Authority about the amount of interest due no later than 7 days before the due date.

Opportunity closing date

01 September 2020

Value of contract

to be confirmed