Tenders Are Invited For Credit Granting Services – Granting A Long-Term Loan To The Głogów Municipality In T ... in Poland

Work Detail

Credit Granting Services – Granting A Long-Term Loan To The Głogów Municipality In The Amount Of Pln 29,300,000. 3. Detailed Terms Of The Order: 3.1. The Loan Will Be Disbursed In Tranches, The Amount And Date Of Disbursement Of Which Will Be Adapted To The Needs Of The Ordering Party, At His Written Request Within A Maximum Of 5 Business Days From Its Submission, No Later Than December 31, 2026. 3.2 Deadline For Order Completion - Loan Period: From The Date Of Signing The Contract To December 31, 2041. 3.3. Repayment Of Capital In 60 Quarterly Installments, Including: - 59 Equal Quarterly Installments In The Amount Of Pln 488,334.00 Each, At The End Of Each Quarter, Starting From March 31, 2027 - The Last Capital Installment In The Amount Of Pln 488,294.00, Payable On December 31, 2041. 3.4. Repayment Of Interest Quarterly On The Actual Debt, Starting From December 31, 2026. Subsequent Interest Installments Are Calculated And Payable On The Last Day Of Each Quarter. 3.5. If The Principal Or Interest Repayment Date Falls On A Non-Working Day, The Repayment Will Be Made On The Last Business Day Of Each Quarter. 3.6. Interest Rate According To A Variable Interest Rate, Which Changes In Accordance With The Following Principle: The Interest Rate Consists Of A Variable Wibor Rate For 3-Month Interbank Pln Deposits, Announced On The 15Th Day Of The Month Preceding The Quarterly Interest Period, And A Fixed Bank Margin. If There Are No Quotations Of The Wibor 3M Rate For The 15Th Day, The Quotations From The Previous Day On Which The Wibor 3M Rate Was Quoted Are Used To Calculate The Interest Rate. 3.7. In The Event Of A Permanent Cessation Of Publication, A Significant Change Or Loss Of Representativeness Of The Reference Index [Wibor] Specified In The Agreement, The Loan Interest Rate Will Be Automatically Adjusted To The New Base Rate Indicated In Generally Applicable Legal Provisions, Recommendations Of Supervisory Authorities Or Designated By The Administrator Of The Index, Using Appropriate Adjustment Spreads Aimed At Ensuring Economic Neutrality For The Parties. A Change In The Indicator Does Not Constitute A Change To The Essential Terms Of The Contract And Does Not Require The Conclusion Of An Annex. All Costs Related To The Need To Technically Adapt The Loan Service To The New Reference Index Are Borne By The Bank. Any Change In The Reference Index Cannot Lead To An Increase In The Banks Margin. 3.8. Other Important Information Regarding The Subject Of The Order: A) Loan Security: Blank Promissory Note With A Promissory Note Declaration. B) The Blank Bill Of Exchange And The Bill Of Exchange Declaration Will Be Countersigned By The Treasurer. C) The Contractor Should Guarantee The Possibility Of Early Repayment Of Part Or All Of The Loan Debt Without Incurring Additional Costs, After Prior Written Notification To The Contractor By The Ordering Party Of The Intention To Make Such Repayment, At Least 7 Days Before The Planned Early Repayment. D) In The Event Of Early Repayment Of The Loan, Interest Will Be Calculated For The Period Of Its Actual Use. E) The Ordering Party Reserves The Right Not To Use Part Of The Loan Without Giving A Reason. F) Order

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