The subject of the contract is to grant a long-term loan in the amount of PLN 1,850,000.00 (in words: one million eight hundred and fifty thousand PLN 00/100), intended to cover the planned budget deficit of the Biała Commune in 2022.
1. The subject of the contract is to grant a long-term loan in the amount of PLN 1,850,000.00 (in words: one million eight hundred and fifty thousand PLN 00/100), intended to cover the planned budget deficit of the Biała Commune in 2022.
2. Detailed terms of the contract, including quality standards referred to in Article 246(2) of the PPL Act:
1) The planned repayment period and the amount of capital installments are specified in the Loan Repayment Schedule, which is attached as Appendix No. 3 to SWZ.
2) Repayment of the loan capital will take place in the period from 31 March 2023 to 31 December 2032 in the dates and amounts of installments specified in the loan repayment schedule referred to in paragraph 2 by the last working day of each month.
3) The loan will be activated in 1 tranche, based on the instruction submitted by the Ordering Party.
4) The Contractor will not charge fees and commissions for changing the repayment schedule during the loan period.
5) Variable interest rate on the loan, based on the WIBOR 1M reference rate calculated as the arithmetic mean of the last five quotes from the month preceding the month of accruing interest, increased by the bank's margin presented in the offer.
6) The Contractor is obliged to calculate and provide in the offer the prices: variable interest rate on the loan, expressed in relation to the WIBOR 1M rate (in force on 31.08.2022), increased by a fixed bank margin.
7) The bank's margin may not be increased during the term of the loan agreement.
8) Interest on the loan will be calculated only on the amount of the current actual debt, and their repayment will take place monthly, from the date of starting the loan, until the last working day of each month.
9) The Contractor will not charge other costs than bank interest on the loan granted.
10) The Ordering Party reserves the right to use the loan in full and to renegotiate the amounts and dates of repayment of capital, without incurring additional costs.
11) If a lower loan amount is used, the proposed installments in the loan repayment schedule will be reduced accordingly.
12) The Contractor undertakes to guarantee the acceptance of early repayment of part or all of the loan without charging the Ordering Party with additional costs, after prior notification of the bank by the Ordering Party of the intention to make such repayment.
13) The Ordering Party reserves the right to extend the loan repayment period without incurring additional costs.
14) The Ordering Party informs that it will not fill in any forms provided by the Contractors, because it has provided all data in the SWZ that allow the Contractors to prepare their own analyzes.