Poland – Credit granting services – Udzielenie i obsługa kredytu długoterminowego w kwocie 11 300 000,00 zł

The subject of the procurement is the provision of a long-term loan service in the amount of 11,300,000.00 PLN. The entire loan will be used to finance the planned deficit of the Municipality of Czernichów and to repay previously incurred liabilities. 2. Detailed scope of the procurement: 1) long-term loan; 2) loan amount: 11,300,000.00 PLN (in words: eleven million three hundred thousand PLN); 3) the loan will be disbursed in tranches to the main account of the Municipality. The amount and timing of the fund transfers will be agreed with the Contractor each time; 4) the full disbursement of the loan will take place by 30 December 2026 at the latest; 5) the repayment of the principal will be made in accordance with the repayment schedule contained in Annex No. 1a to SWZ; the first principal repayment will take place on 30 June 2027; the last repayment will take place on 30 June 2045; 6) the Purchaser reserves the right not to draw down the full amount of the loan. In such a case, the bank will not charge the Purchaser with the costs of the undrawn loan; 7) the possibility of early (before the set date) repayment of the loan without incurring additional costs and the need to notify the Contractor (Bank) of this fact is envisaged; 8) variable interest rate: WIBOR 3M plus the bank's fixed margin; 9) interest will be calculated for the actual number of days the loan is used, assuming that the year has 365/366 days; 10) interest will be calculated at the end of each quarter, payable upon receipt of an interest note (bank statement) from the Bank, by the 10th day of each month following the completed quarter; 11) the last payment due with interest on 30 June 2045; 12) the loan repayment will be secured by a blank bearer promissory note together with a promissory note declaration. The promissory note will be signed by a person authorised to make declarations of intent on behalf of the Municipality of Czernichów and will not be countersigned by the Municipality's Treasurer. The promissory note declaration will be countersigned by the Treasurer of the Municipality of Czernichów; 13) in the event of the liquidation of the WIBOR 3M rate, it will be replaced, by mutual agreement of the parties in the form of an annex to the agreement, with a rate that will replace the WIBOR 3M rate, or with a rate that is most similar in size and character to the WIBOR 3M rate, without incurring costs to the Purchaser. The Purchaser and the selected Contractor will agree on the content of the emergency provisions regarding the cessation of publication of the WIBOR 3M rate, which will be incorporated into the loan agreement; 14) the interest rate cannot be lower than the bank's margin, nor can it be lower than zero, which in practice means that in the event that the base rate WIBOR 3M reaches a level below zero, the base rate WIBOR 3M of zero (0.00%) will be used to calculate the interest rate. The above provision will be agreed between the parties in the agreement; 15) the possibility of changing the amount of the instalments depending on the calculated individual debt repayment indicator, in accordance with Article 243 of the Public Finance Act, is envisaged. The Purchaser will inform the Contractor in writing of changes to the repayment schedule, with changes in this respect being made in the form of an annex.