The subject of the contract is to take out a loan paid in tranches up to PLN 15,931,808.00 to cover the budget deficit and to repay previously incurred liabilities under loans.
The subject of the contract is the granting of a long-term loan in the amount of PLN 15,931,808.00.
Detailed loan terms:
1. Loan period - from the date of conclusion of the agreement until 31 December 2036
2. Grace period for loan repayment until June 29, 2024
3. The Contractor's commission may not be higher than 0.5%. The Contractor's commission will be calculated proportionally to the actual tranche of the loan launched. The bank commission will be paid within 7 days from the date of receipt of the loan tranche on the account of the Ordering Party. The commission will be paid to the account indicated by the Contractor.
4. The Contractor's margin shall be fixed during the contract period.
5. The contractor should include all loan costs in the offer price – the bank will not charge any other commissions and fees related to the implementation of the loan agreement during the term of the loan agreement, including fees for any banking activities related to servicing the loan.
6. The Ordering Party reserves a lower use of the credit than it results from these specifications. The contractor will not charge additional interest, commissions and other fees on the unused part of the loan.
7. The base interest rate will be based on the WIBOR 1M rate increased by the contractor's margin.
8. The amount of credit used shall bear interest on an annual basis at a variable interest rate. The interest rate is equal to the reference rate plus the bank's margin. The reference rate is the WIBOR 1M rate determined for the first accounting period according to quotations for 2 business days preceding the date of total or partial disbursement of the loan, and for subsequent accounting periods for two business days preceding the beginning of a given accounting period. In the absence of WIBOR quotations for the second business day, the quotations from the preceding day on which the WIBOR rate was quoted shall be used accordingly to calculate the interest rate. For each accounting period included in the contractual loan term, the borrowing rate shall be fixed. In the event that WIBOR 1M ceases to be available and/or binding, another, most closely related indicator published by the relevant entity will apply.
9. The interest payment shall be made on the last day of each calendar month, the first interest payment being made on the last day of the calendar month in which the first tranche of the loan is paid, subsequent monthly (calendar month) accounting periods shall be calculated from the end of the previous accounting period, the last accounting period ending on the date of full repayment of the credit. The calculation of interest shall be delivered by the Contractor to the Contracting Authority 7 days before the payment date;
10.The loan will be secured by a blank promissory note together with a promissory note declaration.
11. In the event of early repayment of all or part of the loan, no additional fees and commissions will be charged, and interest will be charged only on the amount of current outstanding debt.
12.. The loan will be released on the basis of the Ordering Party's instructions, with the last tranche crediting the Ordering Party's bank account no later than 29.12.2023.
13. The execution of the borrower's instruction will take place in a non-cash form to the bank account indicated by the Ordering Party within 3 business days from the date of submission of the instruction, with the last tranche being credited to the Ordering Party's bank account no later than December 29, 2023. The borrower's instruction will be executed in a non-cash form to the account of the budget of the City of Augustów No. 77 1240 5787 1111 0010 7731 2232.
14. The loan will be repaid by 31 December 2036.
The rest of the description can be found in SWZ