1. The subject of the contract is the provision and service of a long-term loan for the City of Skierniewice in 2021 in the amount of 28,000 000.00PLN with the purpose of:
(b) finance the planned budget deficit of the City of Skierniewice in accordance with Resolution No XXVI/113/2020 of the Skierniewice City Council of 18 December 202020 on the enactment of the City budget for 2021 together with the subsequent amendments in the amount of 20 000 000,000,000.00 PLN,
(c) repayment of previously made commitments in accordance with Resolution No XXVI/113/2020 of the Skierniewice City Council of 18 December 2020 on the enactment of the City budget for 2021, together with the subsequent amendments in the amount of 8,000 000,000.00PLN.
2. Expected period of repayment of interest installments: from 31.03.2022 to 31.12.2031
3. Capital installments payable for quarterly periods: 31 March, 30 June, 30 September, 31 December from 31.03.2023 to 31.12.2031. In accordance with Annex 1 to the offer.
1. The subject of the contract is the provision and service of a long-term loan for the City of Skierniewice in 2021 in the amount of 28,000 000.00PLN with the purpose of:
(b) finance the planned budget deficit of the City of Skierniewice in accordance with Resolution No XXVI/113/2020 of the Skierniewice City Council of 18 December 202020 on the enactment of the City budget for 2021 together with the subsequent amendments in the amount of 20 000 000,000,000.00 PLN,
(c) repayment of previously made commitments in accordance with Resolution No XXVI/113/2020 of the Skierniewice City Council of 18 December 2020 on the enactment of the City budget for 2021, together with the subsequent amendments in the amount of 8,000 000,000.00PLN.
2. Expected period of repayment of interest installments: from 31.03.2022 to 31.12.2031
3. Capital installments payable for quarterly periods: 31 March, 30 June, 30 September, 31 December from 31.03.2023 to 31.12.2031. In accordance with Annex 1 to the offer.
4. Variable interest rate counted according to WIBOR 3M.
5. Interest payable in quarterly periods (March 31; June 30; September 30; December 31).
6. Interest will be accrued quarterly on the funds actually used. For the calculation of the amount of interest, the actual number of days of use of the loan shall be taken against 365 days per year.
7. A grace period shall be fixed in interest repayment until March 30, 2022.
8. The launch of the credit is expected to take place: 15.12.2021 and 28.12.2021 on the basis of the Ordering Party's transfer order.
9. A grace period shall be fixed in the repayment of capital until March 30, 2023.
10. Putting credit at the disposal of the Ordering Party on a separate credit account the day after the date of conclusion of the contract.
11. The Contracting Authority reserves the right to opt out of the use of part of the credit without incurring additional costs.
12. The Contracting Authority reserves the right to repay all or part of the loan early at no additional cost.
13. Only costs listed in point XIV. point 14 of SWZ are considered valid in the credit agreement.
14. Loan servicing costs represent:
a) loan interest rate - variable.
The interest rate over the entire loan period represents the sum of the WIBOR 3M rate from the first business day of the calendar quarter of the accounting and fixed period
during the duration of the bank margin agreement. The costs associated with the maintenance of the credit account and any charges associated with the servicing of the loan, the Contractor shall be obliged to include the margin in such a way as to scale and present one interest rate, the amount of which is binding throughout the loan period,
(b) commission — calculated as% on the entire amount of the loan i.e. 28,000 000,000,00PLN.
The commission must contain in itself all the fees that are associated with the launch of the credit.
15. The Contracting Authority shall not allow the possibility of submitting a variant offer.
16. The Contracting Authority shall not permit the possibility of submission of partial tenders.
17. Settlements between the contractor and the contractor will be made in Polish zlotys.
18. The Contracting Authority reserves the right to change the time limit and quantity of tranches (not more than in 2 tranches) of the start of the credit without additional charges.
19. The Contracting Authority reserves the right to receive quarterly information from the Contractor about the amount of interest installments without additional charges sent 10 working days prior to the payment date.
20. The security of the credit will be a promissory note “In blanco” along with a promissory statement.