Poland - Lending services

Description

The subject matter of the contract is the service of granting and servicing a long-term credit in the amount of PLN 2,500,000.00 for financing the planned budget deficit and repayment of previously incurred liabilities.Detailed description of the subject matter of the contract has been specified in § 4 of the SWZ and Chapter II of the SWZ.
1) The subject matter of the contract is the service of granting and servicing a long-term credit in the amount of PLN 2,500,000.00 for financing the planned deficit of the budget and repayment of previously incurred liabilities.1) The expected date of credit utilization: until December 30, 2023.2) The Ordering Party may change the aforementioned date of credit utilization or spread the credit into tranches without additional bank commissions and fees.3) Credit characteristics:- amount of credit: PLN 2,500,000.00 (in words: two million five hundred thousand zlotys 00/100)- credit term: 13 years counting from the date of transfer of the loan to the Ordering Party or in case of distribution into tranches - transfer of the first tranche of the loan,- repayment of the loan in decreasing installments, according to Appendix No. 7 to the specification,- interest will be paid after the start of the loan calculated on the last day of the month,4) The costs of servicing the loan are as follows:- interest on the loan,- bank's margin 5) The interest rate on the loan will be variable, calculated for each monthly interest period based on the monthly WIBOR 3M index for deposits plus the contractor's margin, valid according to the agreement during the loan period.6) In the case of repayment of the loan at an earlier date, interest will be calculated until the date of repayment of the loan, and not until the end of the agreement - stipulating the possibility of early repayment of the loan without incurring additional costs.7) The WIBOR 3M rate changes on a quarterly calendar cycle, and for the purpose of contract performance the value quoted two business days preceding the next period will be taken.8) In the event of liquidation of the WIBOR 3M rate, it will be replaced, by agreement of the Parties, with a rate that will replace the WIBOR 3M rate, or with a rate most similar in size and character to the WIBOR 3M rate, without costs charged to the Ordering Party.9) In the event that the WIBOR 3M index is changed to a different one, the Contractor will apply the index in accordance with applicable laws and regulations, and this will not require an amendment to the contract in question.10) The Contractor will charge interest on the actual loan amounts used. Interest will be calculated for the actual number of days of use of the loan, assuming that a year has 365/366 days, from the date the debt under the loan is incurred up to and including the day preceding the repayment of the loan.11) Payment of interest and principal installments shall be considered the day the amount due is credited to the Contractor's account. If the due date falls on a day considered to be a public holiday, the repayment of interest and installments of principal shall be made on the first working day following the public holiday.12) The form of collateral for the loan is a blank promissory note with a promissory note declaration for a sum corresponding to the amount of debt on account of the loan used, together with interest and other costs of the Contractor.13) The Contracting Authority does not have any arrears to the Social Insurance Institution and the Internal Revenue Service.14) The countersignature of the Municipal Treasurer on the loan documents (loan agreement, blank promissory note, statement on submission to execution, declaration of the issuer of the blank promissory note) is assumed.15) The Contracting Authority does not use leasing or issuance of debt securities.16) The Contracting Authority uses the issuance of debt securities.17) The Contracting Authority has not issued guarantees and sureties.18) The Contracting Authority does not act as a party in a public-private partnership.19) The disbursement of the loan will be made to the Contracting Authority's bank account.2. Pursuant to Article 95 (1) of the Act, the Contracting Authority requires employment under a labor contract by the Contractor and/or subcontractor and/or further subcontractor of all persons performing the activities listed in § 4 (3) of the SWZ, as specified in the Description of the subject of the contract. At the latest on the date of commencement of the service, the Contractor shall be obliged to employ, for the duration of the contract, the persons performing the activities referred to in § 4 paragraph 3 of the SWZ, hereinafter referred to as employees, on the basis of an employment contract under pain of withdrawal from the contract for reasons attributable to the Contractor.

Opportunity closing date

27 October 2023

Value of contract

to be confirmed