Granting and servicing a long-term credit facility up to PLN 7,250,000.00 to repay previously incurred liabilities under loans and credits in the amount of up to PLN 730,000.00 and to finance the planned budget deficit of the Skołyszyn Municipality in 2023 in the amount of up to PLN 6,250,000.00, with a repayment date from 2024 to 2028. Details of the order are included in the description of the subject of the contract (OPZ) and the contract template.

Granting and servicing a long-term credit facility up to PLN 7,250,000.00 to repay previously incurred liabilities under loans and credits in the amount of up to PLN 730,000.00 and to finance the planned budget deficit of the Skołyszyn Municipality in 2023 in the amount of up to PLN 6,250,000.00.

The Contractor shall make available to the Contracting Authority a loan in the full amount, within no more than 3 days from the signing of the loan agreement (in accordance with the statement made in the tender offer), provided that: legal security for repayment is established. The loan will be disbursed in tranches, after the Contracting Authority has previously submitted a written instruction to disburse the loan, specifying the amount of funds to be disbursed. The tranches of the disbursed loan will be transferred to the budget account of the Municipality of Skołyszyn maintained at the Cooperative Bank in Biecz, Branch in Skołyszyn, No. 76 8627 1037 2003 5000 0459 0001, no later than on the next business day from the date of transmission of the instruction to the e-mail address or fax number indicated by the Contractor or via the Internet banking system. The Contracting Authority undertakes to immediately provide the Contractor with the originals of the above-mentioned instructions sent to the e-mail address or by fax. The final disbursement date of the loan expires on 31 December 2023 or on the day following the date of submission by the Borrower of a written statement of resignation from further disbursement of the loan.

Grace period in repayment of the loan principal - until 31 March 2024.

The loan will be repaid in 20 quarterly instalments payable each year by: 31 March, 30 June, 30 September and 31 December. The first principal instalment will be payable on 31.03.2024 and the last by 31.12.2028. A detailed schedule of repayment of principal instalments has been set out in the OPZ.

Interest will be calculated on the amount of the actual debt, taking into account the actual utilization of the loan, and payable, in three-month accounting periods, each year by: 31 March, 30 June, 30 September and 31 December. The first accounting period will fall on December 31, 2023. To determine the amount of interest, the year is 365 days and the actual number of days in a given calendar month.

If the principal and/or interest instalment falls on a holiday, they will be payable on the first business day after 31 March, 30 June, 30 September and 31 December, with the exception of the last instalment of the loan, which must be repaid by 31 December 2028.

The Contractor will not charge any fees or commissions related to the granting and servicing of the loan.

A detailed schedule for the repayment of principal instalments has been set out in the OPZ.