The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 3,165,000 (say: three million one hundred and sixty-five thousand zlotys zero groszy) in order to finance the planned budget deficit and to repay part of the liabilities due to loans and advances incurred in previous years to finance the implementation of investments, investment purchases and subsidies for investments.
The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 3,165,000 (say: three million one hundred and sixty-five thousand zlotys zero groszy) in order to finance the planned budget deficit and to repay part of the liabilities due to loans and advances incurred in previous years to finance the implementation of investments, investment purchases and subsidies for investments.
Detailed terms and conditions of the contract, including the quality standards referred to in Article 246(2) of the PPL:
1. Loan in Polish zlotys (PLN),
2. Loan period until 31.10.2035
3Grace period in repayment of loan installments until 30.01.2025
4. The principal will be repaid on a quarterly basis by the last day of the month following the quarter in a given year, starting from January 2025.
5.Repayment of principal in the following amounts:
• the first instalment in the amount of PLN 71,930 until 31.01.2025
• 42 instalments in the amount of PLN 71,930
• the last instalment in the amount of PLN 72,010 until 31.10.2035.
• The loan principal repayment schedule is attached as Appendix 8 to the Terms of Reference.
6. The date of signing the agreement will be the day when the loan is placed at the disposal of the Ordering Party.
7. The credit shall be disbursed in full within no more than 2 business days from the date of submission of a written instruction by the Contracting Authority,
8. Interest is calculated on the disbursed amount of the loan starting from the date of loan disbursement to the date of its repayment.
9. Interest on the credit used during the loan period will be calculated monthly on the amount of the current debt and is subject to repayment on a quarterly basis, by the last day of the month following the quarter, after receiving information from the bank about the amount of interest accrued, whereby:
• The first interest payment will be made by 31.01.2024 and will include interest accrued for the period from the date of disbursement of the loan until 31.12.2023.
• information on the amount of interest accrued by the Bank will be provided to the Ordering Party by the 5th day of the month in which the interest payment occurs.
10. If the repayment date of the loan instalment/interest on the loan expires on a public holiday or which is not a working day for the Contracting Authority, it shall be deemed that the repayment date has been met if the repayment was made on the business day preceding the non-working day.
11.Za date of repayment of interest and principal instalments shall be the date on which the funds are credited to the Contractor's bank account.
12.Do calculate interest, the actual number of calendar days in each month is assumed, and the year is equal to 365 or 366 days.
13. The loan will be disbursed to the Contracting Authority's account maintained in the bank selected to provide banking services to the county budget.
14. Variable interest rate on the loan, based on the WIBOR 3M rate, which is the arithmetic average for all days of the month preceding the settlement period, increased by the Contractor's margin specified as a percentage, constant during the term of the agreement.
15.In the event that the WIBOR 3M rate referred to in section V.2.14 reaches a level below 0 (zero), the parties to the agreement agree that a rate equal to 0 (zero) will be used to calculate the interest rate on the loan in order for this rate to reach a positive value.
16. The costs resulting from the servicing of the loan shall be covered by the Ordering Party only up to the amount of interest on the disbursed loan. All other activities performed during the servicing of the loan by the Contractor, including, m.in, disbursement and placing the loan at the disposal of the Contracting Authority, opening and maintaining a bank account of the loan, transferring funds under the loan, issuing bank opinions on the Contracting Authority's performance of its obligations under the loan and any other fees are free of charge for the Contracting Authority.
Due to the limited number of characters, points 17-20 of the Description of the Subject of the Contract are included in Chapter 4 of the Terms of Reference on the website of the proceeding https://zamowienia.krasnystaw-powiat.pl