Poland - Credit granting services

Description

Przedm. zamm. is to grant a long-term loan of 9 300 000 PLN to finance the planned budget deficit in 2020. The currency of the Polish zloty. The loan is to be disbursed without commissions and fees. Zam. in the period: from the day following the day of concluding the agreement until December 23rd 2020. The order reserves the right not to use the whole amount of the granted amount - without commission and fee. The order does not provide for the harmonogr. use of the chalk. The use of the crayon will be in the form of cashless payment by way of execution by the Executor of the order. - credit. The order will be executed by the Execution in term. 2 days from the date of submission by the Order. The due dates are calculated for each day of using the crayon, counting from the date of its granting. Interest. The credit is payable after the end of the quarter of the calendar. 7 days from the date of receipt of the information about the amount of credit. interest rate. Due to a limited number of characters, the full description of the order is set forth in the following par. III OF THE TOR.
The subject matter of the contract is to grant a long-term credit in the amount of PLN 9,300,000 (say: nine million three hundred thousand 00/100) to finance the budget deficit planned in 2020/year.2 Credit currency: Polish zloty (PLN).3 The credit will be disbursed without commissions and fees.4 The credit will be placed at the Ordering Party's disposal in the period: from the day following the day of concluding the agreement until 23 December 20105.The Ordering Party reserves the right not to use the amount of credit granted in full - without commissions and fees.6 The Ordering Party does not provide a schedule for the use of the credit.7 The use of the credit will be in a non-cash form by way of execution of the Ordering Party's orders by the Contractor - to debit the credit account. The disposition shall be executed by the Contractor within 2 business days from the date of its submission by the Ordering Party.8. Interest due shall be calculated for each day of using the credit, counting from the date of its granting. Interest on the used credit shall be paid after the end of the calendar quarter within 7 days from the date of receipt of information (e.g. a letter, to the e-mail address: skarbnik@gizycko.pl) on the amount of accrued interest.10. If the date of repayment of principal or interest instalments falls on a holiday, the Principal shall make the required repayment on the first business day following the designated repayment date.11The loan interest rate calculated according to a variable WIBOR rate for three-month deposits, valid for each first day of the interest period (calendar quarter), increased(+)/decreased by a fixed margin of the bank expressed in percentage points. If the first day of the interest period is a public holiday, the rate of the next business day following that day shall apply. If the non-working day for the Economic Operator is a Saturday not being a public holiday, the WIBOR rate from the last business day preceding the first day of the interest period shall apply. The change of interest rate resulting from WIBOR 3M does not constitute an amendment to the terms and conditions of the agreement and does not require its termination.12 The Ordering Party has the right to make an early repayment of the loan in whole or in part without prior notification to the Lender and without incurring any charges on this account. In the case of early, partial repayment of the credit, the credit period remains unchanged, unless the Borrower submits a different instruction in writing.13 The credit may not be encumbered with other fees and commissions.14 A blank promissory note together with a promissory note declaration shall serve as a security for the repayment of the credit.15 Other information: a) The municipality does not carry out the recovery proceedings and does not proceed to their implementation; b) The municipality is not and has not been in restructuring in another bank.

Opportunity closing date

01 June 2020

Value of contract

to be confirmed