1. The subject of the contract is the granting and servicing of a bank loan in the amount of PLN 5,000.000,00, to finance the planned budget deficit.2.The source of the instalment coverage and the interest of the loan will be the own income of the budget of the Municipality of Żabno. 3.Credit triggered in tranches until 30.12.2022 on the basis of Disposal of the Ordering Party lodged with the bank until 27/12.2022. The amount of the loan not running until 30.12.2022, will not be used. 3.Interest repayment will occur during quarterly periods. 4.Repayment of capital will occur, at the end of March, June, September and December of each year, starting from March 2024. 5. there is its interest rate (WIBOR 3M + margin) and possible one-time commission for the granting of credit. 6. Security of the loan - promissory note in blanco with promissory declaration. 7. Credit rate - WIBOR 3M + bank margin. 8. The credit will be available from the date of its launch, which will be specified in the offer.
1. The subject of the contract is the award and service of a bank loan in the amount of PLN 5,000.000,00, to finance the planned budget deficit.
2. The source of the instalment coverage and the interest of the loan will be the own income of the budget of Żabno Municipality
3. Credit activated in tranches until 30.12.2022 on the basis of the disposal of the Ordering Party lodged with the bank until 27/12.2022. The loan amount not activated until 30 December 2022, will not be used. The Bank will not charge the Ordering Party additional costs
for non-use of all credit.
4. No use of the total amount of the loan will not be equivalent to the advance repayment of the loan.
5. The credit will be available from the date of its launch, which occurs within the time limit indicated in the Contractor's offer (point 3 of the tender form).
6. Interest repayment will occur during quarterly periods until the last day of each quarter for the quarter concerned. Payment of the last interest will take place on the date of repayment of the last instalment of capital i.e. on 31.12.2031. If the repayment date expires on a day off from work, it is considered that the repayment date has been retained if the repayment of instalments and interest occurred on the first working day after the repayment date ( working days: Monday-Friday). For the calculation of the amount of interest, the actual number of days in each billing period shall be taken in relation to the number of days per year.
7. Repayment of capital will occur, at the end of March, June, September and December of each year, beginning in March 2024, according to the following schedule set out in SWZ.
6. The amount and terms of repayment of the loan installments may be changed by annex to the contract at the request of the Ordering Party.
7. If the repayment date of the loan installment or interest falls on the day off work, the Borrower will make the required repayment of the loan installment on the first working day following the designated repayment date.
8. Loan interest rate during the term of the contract — determined on the basis of
with a variable base rate of WIBOR 3 M (the rate of WIBOR 3 M is determined as the arithmetic average rate of the previous quarter — and should be understood in any case of invoking it in the order documents- effective on the last working day of the quarter preceding quarter submission of an offer) plus a fixed margin of the bank. Margin will be a constant volume expressed
in percentages per year and will be valid throughout the lending period.
Any change in the interest rate resulting from the change in the WIBOR 3M rate, the Contractor shall notify the Contractor in writing or electronic form (to e-mail: dzp@zabno.pl) with the date from which the change will apply. The change in interest rates will be made quarterly on the first working day of each quarter based on the WIBOR 3M rate (understood as the arithmetic average rate of the previous quarter, as explained by this), effective on the last working day of the previous quarter.
9. Credit security.
(a) in blanco promissory promissory note
10. The Treasurer of the Municipality of Żabno will submit a countersign on the credit agreement and the promissory note and the promissory declaration.
11. The Ordering Party reserves the right to advance repayment of the loan without incurring additional costs.
12. In order to enable the assessment of the financial situation of the Contracting Authority, the Contracting Authority shall make available the documents listed in Annex No 7 — Financial documents.
13. The credit will not be charged other than those listed in the SWZ.
14. The only cost of the loan is its interest rate (WIBOR 3M + margin) and a possible one-time commission for granting credit.
15. The offer price should be calculated based on the WIBOR 3M rate as at 10.03.2022. For the calculation of the offer price as the date of payment of the loan should be taken on 25.04.2022 r.
The detailed description of the subject matter of the order shall be defined by SWZ and