1. The subject of the contract is the granting and banking service of a long-term loan in the amount of PLN 4,000,000.00 (four million zlotys) intended for financing previously incurred liabilities from credits and loans as well as financing the planned deficit for 2019.
2. Loan period: 2021-2036.
3. The loan should be placed at the disposal of the Employer by 30/12/2019 in three tranches.
4. The loan will be made available within the time limit specified by the Contractor in the criterion "time of starting the loan from the day of giving the order", counting from the day of concluding the contract.
5. Grace in loan repayment from the day of granting the loan until 31.1.2021 (grace period ends on the eve of repayment of the first installment of capital).
A detailed description of the subject of the contract is Chapter II of the Specification of the Essential Terms of the Contract for this tender procedure.
1. The subject of the contract is the granting and banking service of a long-term loan in the amount of PLN 4,000,000.00 (four million zlotys) intended for financing previously incurred liabilities from credits and loans as well as financing the planned deficit for 2019.
2. The loan will be made available within the time limit specified by the Contractor in the criterion "time of starting the loan from the day of giving the order", counting from the day of concluding the contract.
3. The loan should be placed at the disposal of the Employer by 30/12/2019 in three tranches:
a) the first tranche in the amount of PLN 2,000,000 until 30.9.2019;
b) the second tranche in the amount of PLN 1,000,000.00 until 31.10.2019;
c) the third tranche in the amount of PLN 1,000,000.00 until December 30, 2019.
Note: the offer should include the date of payment of the first tranche of the loan on 30.9.2019. However, it should be noted that this date will depend on the date of signing the contract. Because as at the date of this SIWZ, it is difficult to determine how much time it will take to carry out the examination of offers, and following the selection of the most advantageous offer, to consider any appeals.
Therefore, the date of disbursement of the first tranche of the loan - 30.9.2019 should be accepted and treated only as the hypothetical date of disbursement of funds from the loan.
4. Type of loan currency - PLN loan.
It is not allowed to make settlements in foreign currencies.
5. The loan interest rate consists of the margin and WIBOR 1M rate.
1) The margin based on the rate indicated by the contractor in the offer form constituting Annex 1 to the ToR will be constant throughout the loan repayment period
2) The interest base (WIBOR 1M) may change.
3. Bank commissions and fees - not anticipated.
Note: for the purpose of comparing offers submitted in the proceedings, a fixed 1M WIBOR of 22.7.2019 with a value of 1.64% should be used.
6. The Purchaser reserves the following:
a) the right not to use all or part of the loan without incurring additional fees. In the event of a loan in an amount lower than planned, this will not result in the termination of the loan agreement and shall not cause any other claims of the Contractor against the Employer;
b) the right to early repayment of the loan once or earlier repayment several times in parts other than the provided monthly installments after informing the bank and changing the schedule of repayment of the loan in the form of an annex during the term of the contract and repayment of interest without the need for additional charges;
c) the possibility of extending the loan repayment period without charging additional fees in this respect. If the loan repayment period is extended, an annex to the loan agreement will be prepared;
d) the right to transfer the loan to the account specified by the Employer.
7. The cost of the loan will be interest at a variable interest rate according to WIBOR 1M:
a) to determine the interest rate on the loan during the term of the contract, the WIBOR 1M rate from the first day of the calendar month in which the interest rate will apply plus the fixed bank margin for the entire loan period will be adopted each time;
b) of the interest rate in a given month, the Contractor shall notify the Employer in writing within 15 months of each month from the date of determining the interest rate for the given interest period. Interest is charged on the amount of credit actually used, assuming the actual number of days in the month and the assumption that the year has 365 days and in the leap year 366 days. The change in interest rate resulting from the WIBOR 1M rate does not constitute a change in the terms of the contract and does not require termination.
The entire subject of the contract specified in Chapter II of the ToR.