Poland-Radom: Credit granting services

1. The object of the contract is to take out a bank loan in the amount of PLN 7000000 (PLN: seven million), to finance the repayment of pre-existing loan commitments and to finance the planned budget deficit of Radom district.
2. The Board of Radom District decided to take out the loan by Resolution No 372/XLI/2014 of 30 April 2014.
3. The legal security for repayment of the loan will be a blank promissory note together with a promissory note.
4. The contracting authority will repay the loan in 32 capital instalments of PLN 218750,00 (PLN: two hundred and eighteen thousand seven hundred fifty).
5. Loan instalments will be made on a quarterly basis until the last day of the second calendar month of each quarter, with the first instalment being repaid by 28/02/2015 and the last instalment being repaid by 30.11.2022.
6. Interest will be charged by the Contractor on the amount of credit actually used. Payment of interest will be made in monthly instalments within 7 days of receipt of the original debit note(s) from the Contractor.
7. The contracting authority reserves the right to repay the instalments of the loan early. No commission or other bank fee will be charged to the Contracting Authority for early repayment of the loan instalments.
8. The contractor will make a final settlement of the repayments made on the date of payment of the last principal loan instalment and bank interest.
9. The date of payment of the instalment of the credit shall be the date on which the appropriations are received on the Contractor’s account.
10. For the purpose of calculating the interest on the loan, WIBOR 1M as at 3 June 2014, which stood at 2.62 should be used.
11. The documents, in electronic form, setting out the Contracting Authority’s legal, financial and investment situation will be available together with the tender documents in the Contracting Authority’s Public Information Bulletin at http://pzradom.peup.pl.

66113000 - Credit granting services