1. The subject of the contract is the grant and servicing of a bank loan in the amount of
PLN 7,500,000.00 (in words: seven million five hundred thousand zlotys) to finance the planned budget deficit of the Zbąszynek Commune in 2020 in the amount of PLN 5,143,993.67, as well as to repay liabilities previously incurred under long-term loans and credits in PLN 2,356,406.33.
1) Loan and repayment period.
The loan will be repaid in monthly capital installments, at the end of each month, starting from January 2023 to December 2032.
In 2023–2025 (3 years), the annual repayment of capital is PLN 500,000.00, i.e. 11 months (from January to November) the amount of repayable capital is PLN 41,666.00, while in December, 41,674.00 PLN.
In the years 2026–2031 (6 years), the annual repayment of capital is PLN 857,000, i.e. 11 months (from January to November) the amount of repayable capital is PLN 71,416.00, while in December, PLN 72,424.00.
In 2032, the annual repayment of capital is PLN 858,000, i.e. 12 months (from January to December) the amount of repayable capital is PLN 71,500.
If the loan repayment day falls on a non-working day, the principal will be repaid on the business day preceding the non-working day.
2) Credit utilization - until December 31, 2020.
3) Interest on the loan will be calculated on the assumption that the year has 365 days and the month has the actual number of days.
4) The loan will be launched at the request of the Employer. Payment will be made in whole or in part, no later than within 3 days of the submission of the written application. (The loan will be discharged to the Employer's account in tranches and amounts specified each time by the Employer).
5) The Purchaser reserves the right to incomplete use of the loan and change the deadlines for the release of funds without additional fees and commissions. In the case of using a loan in an amount lower than planned, this will not result in termination of the loan agreement and will not cause any other claims of the Contractor against the Employer. In this situation, the loan repayment installments will be reduced proportionally.
6) The Purchaser reserves the right to use the loan to reimburse expenses previously incurred in the financial year.
7) The Purchaser reserves the right to repay the loan earlier.
8) In the event of early repayment of part or all of the capital, the Employer shall not be charged additional fees in this respect - interest will be calculated only on the actual outstanding debt.
9) The Bank will not charge interest on the amount of unused credit.
10) The Bank will charge interest only on the loan tranches paid (on the loan amount used).
11) The loan interest rate will be determined on an annual basis according to a variable interest rate, based on the WIBOR 1M rate plus the Bank's fixed margin. The change in the interest rate on the loan will be made monthly based on the WIBOR 1M rate from the penultimate day of the month preceding the given month (accounting period).
12) Interest on the loan will be paid monthly - until the last day of the month, where:
a) the first accounting period is counted from the date of the first loan disbursement and ends on the last day of the month in which the loan was disbursed;
b) subsequent accounting periods are counted from the day following the end of the previous accounting period.
If the last day of the month the interest payment falls on a non-working day, the interest will be repaid on the business day preceding the non-working day.
13) The loan may not be charged with other costs (commissions) than interest on the loan. No other costs related to granting the loan are anticipated (e.g. commission on granting the loan, examining the application, etc.).
14) Credit collateral: blank promissory note together with a promissory note declaration.