The subject of the contract is "Granting of a long-term bank loan in the amount of PLN 3,700,000.00 to finance the planned deficit and repayment of previously incurred liabilities under the issue of securities and loans taken", on the following terms:
1) Loan in the amount of PLN 3,700,000.00 (three million seven hundred thousand zlotys),
2) Loan in PLN,
3) Activation of the loan after signing the contract, no later than by 30/09/2023,
4) Capital repayment period November 2034 – November 2035,
5) Repayment of capital installments – according to the schedule indicated in point 2 – date and conditions of performance of the contract,
6) The interest rate on the loan will be determined on an annual basis at a variable interest rate, based on the WIBOR – 3M rate for 3-month deposits from the last quotation in the month preceding the month of accruing interest plus the Contractor's fixed margin,
7) Throughout the loan period, interest should be calculated on the current debts
The subject of the contract is "Granting of a long-term bank loan in the amount of PLN 3,700,000.00 to finance the planned deficit and repayment of previously incurred liabilities under the issue of securities and loans taken", on the following terms:
1) Loan in the amount of PLN 3,700,000.00 (three million seven hundred thousand zlotys),
2) Loan in PLN,
3) Activation of the loan after signing the contract, no later than by 30/09/2023,
4) Capital repayment period November 2034 – November 2035,
5) Repayment of capital installments – according to the schedule indicated in point 2 – date and conditions of performance of the contract,
6) The interest rate on the loan will be determined on an annual basis at a variable interest rate, based on the WIBOR – 3M rate for 3-month deposits from the last quotation in the month preceding the month of accruing interest plus the Contractor's fixed margin,
7) Throughout the loan period, interest should be calculated on the current debt under the loan granted. Interest on the loan will be paid monthly at the end of the last day of each month, and the interest rate will be set for the monthly interest period,
8) The base rate (WIBOR 3M) and interest due
in the following months, the Ordering Party will be notified in writing,
9) If the loan and interest repayment date is a non-working day, then the repayment will take place on the next business day after this date,
10) Capitalization of interest is not allowed,
11) The loan will be secured by a blank promissory note together with a promissory note declaration signed by the Mayor with the countersignature of the Treasurer,
12) The credit agreement shall be signed by the Mayor with the countersignature of the Treasurer,
13) The Ordering Party reserves the right to repay the loan early without incurring
therefore, additional costs, interest will be charged only on the amount of current outstanding debt,
14) The Ordering Party provides for the possibility of amending the loan agreement, in the part concerning the change of the loan repayment schedule, without incurring additional costs,
15) The loan will be used by transferring funds to the account of the Municipality of Głuszyca,
16) The Ordering Party reserves that the Bank will not charge any commission on the loan granted, i.e. preparation commission, commission on the loan granted.