Granting a long-term loan to finance the planned budget deficit resulting from the implementation of investments in 2019 (including refinancing of costs incurred in the period from 1 January 2019):
A / loan amount: up to PLN 18,000,000.00. (in words: eighteen million 00/100),
B / loan repayment by 31/10/2028,
C / payment of the loan once or in tranches, with the amount and dates depending on the needs of the Employer, by 31.12.2019 on the account indicated by the Employer,
D / grace period for repayment of the loan capital lasts until 30/09/2020. The repayment date of the first installment of the loan capital is set for 31/10/2020. The loan capital will be repaid quarterly, on the last day of each first month of the calendar quarter (33 installments) , for a period of 8 years (total loan period of 9 years).
Detailed description - part 3 ToR.
1. The subject of the contract is to grant a long-term loan to finance the planned budget deficit resulting from the implementation of the investment
In 2019 (including refinancing of costs incurred from January 1, 2019):
A / loan amount: up to PLN 18,000,000.00. (in words: eighteen million 00/100),
B / loan repayment by 31/10/2028,
C / payment of the loan once or in tranches, with the amount and dates depending on the needs of the Employer, by 31.12.2019 on the account indicated by the Employer,
D / grace period for repayment of the loan capital lasts until 30/09/2020. The repayment date of the first installment of the loan capital is set for 31/10/2020. The loan capital will be repaid quarterly, on the last day of each first month of the calendar quarter (33 installments) , for a period of 8 years (total loan period of 9 years),
E / interest on the loan will be calculated on the basis of the base rate - 3M WIBOR. Interest on the amount of debt will be calculated and repaid in quarterly accounting periods,
F / the day of payment / disbursement of the loan is the day on which the funds are credited to the Purchaser's account,
G / interest will be calculated on the amount and time of funds actually used,
H / when calculating interest, the actual number of days per year is assumed. The first interest payment will be made at the end of the calendar quarter in which the first loan tranche was transferred,
I / repayment of capital should be divided into equal installments, except that the first installment will amount to PLN 544,000.00 while 32 installments will be paid in the amount of PLN 545,500.00,
J / loan repayment security: a blank promissory note together with a promissory note declaration, signed by the representation of the Poviat Management Board together with the countersignature of the Poviat Treasurer,
K / The Employer does not provide commission for granting the loan,
L / The Purchaser reserves the right to repay the loan early, without incurring additional fees,
M / Employer reserves the right not to use the loan in full, in this case the Contractor shall distribute the used loan into equal quarterly installments while maintaining the grace period and the loan repayment date and will present the Employer with a new repayment schedule for the remaining part of the loan. The Contractor shall not charge commissions or fees in this respect,
N / The Purchaser covers borrowing costs and borrowing costs only related to interest (3M WIBOR base rate + (-) Contractor's margin). All other activities performed while taking out and servicing the loan by the Contractor are free of charge for the Ordering Party, in particular: for launching and providing the Ordering Party with a loan (so-called preparatory commission), transferring funds under the loan, issuing a bank opinion on the fulfillment of the obligations by the Ordering Party from loan.
The Contractor's margin / margin may not change during the term of the Contract, subject to the circumstances referred to in art. 142 paragraph 5 Public Procurement Law
P / The Contractor undertakes to transfer all or part of the loan within a maximum of three business days after submitting the application by the Employer to the budget account of the Świdnicki Poviat,
R / The Contractor undertakes that at least 10 business days before the interest repayment date and capital installments he will inform in writing (by fax or e-mail) the Employer about the amount and repayment date of interest and capital and will present the account number to which the funds should be transferred . The information is to concern the amount of interest and capital based on the state of debt as at the day preceding the day on which the Employer receives this information