1. The subject of the contract shall be the following services: the granting of a long-term loan to finance the budget deficit of 2022.
2. Detailed description of the item of the order:
The subject of the contract are long-term loan granting services in accordance with applicable law (Act of 29 August 1997 Banking Law (i.e. Journal of Laws of 2021, item 2439, as amended).
1. A long-term loan to finance the budget deficit of 2022.
2. Loan amount: PLN 10,000,000.00.
3. Loan period: 2022 – 2031.
4. The loan will be collected in tranches from the date of signing the contract until 31 December 2022.
A detailed description of the subject of the contract is contained in Chapter IV of the SWZ of the procedure in question.
The subject of the contract are long-term loan granting services in accordance with applicable law (Act of 29 August 1997 Banking Law (i.e. Journal of Laws of 2021, item 2439, as amended).
1. A long-term loan to finance the budget deficit of 2022.
2. Loan amount: PLN 10,000,000.00.
3. Loan period: 2022 – 2031.
4. The loan will be collected in tranches from the date of signing the contract until 31 December 2022.
5. The amount of the loan tranches and the deadline for placing the funds at the disposal of the Ordering Party will be determined by submitting by the Ordering Party a request for funds within 2 working days before the date of placing the funds at the Disposal of the Ordering Party.
6. Instructions to start tranches may be submitted on the model specified by the bank.
7. Instructions to start tranches of the loan will be sent in electronic form (e-mail or home banking) with the deadline for starting the tranche. However, the original will be immediately delivered to the bank. The delivery of the original cannot determine the mobilisation of the loan tranche.
8. Repayment of principal installments of the loan will be made in monthly installments on the following dates and amounts:
Repayment of principal installments of the loan will be made in monthly installments on the last business day of a given month on the following dates and amounts:
1) Until 31 January 2023 in the amount of – PLN 100,000.00 (one installment in 2023);
2) Until 31 January 2024 in the amount of – PLN 100,000.00 (one installment in 2024);
3) Until 31 December 2025 in the amount of – PLN 1,300,000.00 (11 installments from January to November of PLN 108,333 each, one installment in December in the amount of PLN 108,337);
4) Until 31 December 2026 in the amount of – PLN 1,300,000.00 (11 installments from January to November of PLN 108,333 each, one installment in December in the amount of PLN 108,337);
5) Until 31 December 2027 in the amount of – PLN 1,300,000.00 (11 installments from January to November of PLN 108,333 each, one installment in December in the amount of PLN 108,337);
6) Until 31 December 2028 in the amount of – PLN 1,100,000.00 (11 installments from January to November of PLN 91,667 each, one installment in December in the amount of PLN 91,663);
7) Until 31 December 2029 in the amount of – PLN 2,000,000.00 (11 installments from January to November of PLN 166,666 each, one installment in December in the amount of PLN 166,674);
8) Until 31 December 2030 in the amount of – PLN 2,700,000.00 (12 installments from January to December in the amount of PLN 225,000);
9) Until 31 January 2031 in the amount of – PLN 100,000.00 (one installment in 2031);
9. Interest payments in monthly periods in the years 2022-2031 will take place on the last working day of the month.
10. The first payment of interest shall take place on the last working day of the month of the first tranche of the loan.
11. The amount of credit used shall bear interest on an annual basis at a variable interest rate. The interest rate is equal to the reference rate, increased by the bank's margin.
12. The reference rate is the WIBOR 1M rate, which is the interest rate for interbank deposits of 1 months, calculated as an average of the last month preceding the month for which the interest rate is calculated.
13. The bank's margin is fixed during the contractual loan period.
14. For the calculation of the amount of interest, the actual number of days in each month in relation to the actual number of days in the year (365/365 and 366/366 in a leap year) shall be used.
15. The Ordering Party allows the inclusion in the loan agreement of the provision "In a situation where the sum of the WIBOR 1M base rate and the Bank's margin referred to in paragraph 2 is equal to or less than 0 (in words: zero), the parties to the Agreement agree that the interest rate on the Loan will be 0.00% (in words: zero percent)".
16. The amount of a one-off bank commission on the loan granted may not exceed 0.1%.
The entire subject of the contract is contained in Chapter IV of the SWZ.