1. The subject of the contract is: "Granting a long-term loan in the amount of PLN 13,000,000.00 for the Municipality of Tarnów to cover the deficit and expenditures of the municipal budget for 2023" under the following conditions:
1) The loan will be collected in tranches, the amount of which will be reported by the borrower in a written instruction to activate the loan tranche so-called "on demand", with the last tranche crediting the bank account no later than 31.12.2023.
2) Repayment of the loan in years and amounts:
a) 2024 - PLN 1,475,000.00
b) 2025 - PLN 1,475,000.00
c) 2026 - PLN 1,675,000.00
d) 2027 - PLN 1,675,000.00
e) 2028 - PLN 1,675,000.00
f) 2029 - PLN 1,675,000.00
g) 2030 - PLN 1,675,000.00
h) 2031 - PLN 1,675,000.00
cd. description in section 2.4
1) The amount of annual principal repayments may change depending on the actual use of the loan and will be determined after 31.12.2023 (i.e. after the final starting point of credit). If the loan granted is not used in full, the installments will be reduced in proportion to the amount of the loan. 2) The loan will be repaid in two-month installments, payable on the last business day of each month, starting from 29/02/2024. Installments will be repaid in individual years, at the end of February, April, June, August, October and December. The repayment of the loan or their installments is the date of receipt of receivables on the credit account. 3) Interest will be repaid on the following dates: a) interest on the loan for 2023 will be payable once on 29.12.2023. b) interest for the years 2024 – 2031 – on repayment dates of capital installments based on written information on the amount due, provided by the contractor without charging costs to the Ordering Party 7 days before the payment date. 4) The interest rate will be determined based on the base rate - WIBOR 1M, according to the quotation on the last business day of the previous calendar month according to the quotation 2 business days before the start of the month for which interest will be charged (rounded to two decimal places), increased by the bank's margin. In the event of liquidation of the WIBOR 1M rate, it will be converted, by agreement of the parties, into a rate that will replace the WIBOR 1M rate or the rate most similar in size and nature to the WIBOR 1M rate without costs charged to the Ordering Party. If the base rate WIBOR 1M is negative, until it reaches positive values, the base rate equal to 0.00 is used to calculate interest. 5) The bank's fixed margin (specified in Annex 1a to the SWZ) is not subject to change throughout the entire period of contract performance. 6) Other fees and bank commission will not occur. The credit will not be charged fees other than those listed in these terms of reference. 7) The loan will be launched without commission and fees. 8) Loan collateral – blank promissory note. 9) The Ordering Party reserves the right to use part of the loan placed at its disposal. 10) The Ordering Party reserves the right to repay the loan early without additional fees and commissions. 11) All settlements between the Ordering Party and the Contractor shall be conducted in the Polish currency (PLN). A detailed description of the contract is described in Chapter III SWZ.