The subject of the contract is the service of granting a long-term loan to finance the planned budget deficit and repayment of previously taken loans and credits in the amount of PLN 11,000,000.00.
1) loan amount PLN 11,000,000.00 (in words: eleven million zlotys 00/100);
2) repayment of the loan - in the years from 2025 to 2033;
3) The loan will be activated, made available within a maximum of 5 working days from the submission of the application by the Ordering Party, the loan will be launched no later than december 31, 2022.
A detailed description of the subject of the contract is contained in Chapter IV of the Specification of The Terms of The Contract (SWZ)
The subject of the contract is the service of granting a long-term loan to finance the planned budget deficit and repayment of previously taken loans and credits in the amount of PLN 11,000,000.00.
1) loan amount PLN 11,000,000.00 (in words: eleven million zlotys 00/100);
2) repayment of the loan - in the years from 2025 to 2033;
3) The loan will be activated, made available within a maximum of 5 working days from the submission of the application by the Ordering Party, the loan will be launched no later than december 31, 2022. The Ordering Party reserves the right to launch the loan in tranches and the possibility of taking out a loan in the amount lower than the agreed amount (PLN 11,000,000.00) without additional fees and commissions;
4) settlements between the Ordering Party and the Contractor will be made in Polish zlotys (PLN);
5) type of interest rate: The interest rate on the loan during the repayment period will be based on the variable WIBOR 1M rate plus a fixed margin proposed by the bank (fixed margin throughout the loan repayment period);
6) repayment of loan installments will take place after the grace period in quarterly installments:
(a) in 2025. PLN 50,000.00, i.e. 4 quarterly installments of PLN 12,500.00,
b) in 2026 - PLN 400,000.00, i.e. 4 quarterly installments of PLN 100,000.00 each;
c) in 2027 - PLN 400,000.00, i.e. 4 quarterly installments of PLN 100,000.00 each;
d) in 2028 - PLN 500,000.00, i.e. 4 quarterly installments of PLN 125,000.00 each;
e) in 2029 - PLN 1,500,000.00, i.e. 4 quarterly installments of PLN 375,000.00 each;
f) in 2030 - PLN 2,000,000.00, i.e. 4 quarterly installments of PLN 500,000.00 each;
g) in 2031 - PLN 2,000,000.00, i.e. 4 quarterly installments of PLN 500,000.00;
h) in 2032 - PLN 2,500,000.00, i.e. 4 quarterly installments of PLN 625,000.00 each;
i) in 2033 - PLN 1,650,000.00, i.e. 4 quarterly installments of PLN 412,500.00 each.
8) interest will be repaid quarterly - on the last working day of the month ending the quarter. The first interest will be payable as at 31.12.2022. For the calculation of the offer price, it should be assumed that interest for 2022 will be calculated for the period from 01.12.2022 to 31.12.2022.
9) accruing interest – only on the debt actually used. The volatility of the WIBOR 1M rate, which is to be the basis for the interest rate on the loan during the loan period, will be determined for subsequent accounting periods according to quotations for two calendar days preceding the beginning of a given accounting period.
10) payment of the Ordering Party's obligations for loan repayment and loan servicing will be regulated quarterly on the last business day of the month ending the quarter, at the variable interest rate WIBOR 1M, increased by the Contractor's margin. Interest will not be charged on a loan granted but not yet activated.
11) the Ordering Party shall be informed about the amount of interest due in writing and by e-mail to the following address: skarbnik@lacko.pl within 7 days before the due date, whereby interest on the loan becomes due on the last day of each interest period;
12) interest on account of the loan installment not repaid on time will be calculated on the basis of the statutory interest in force in a given period;
13) interest on the loan taken out will not be capitalized;
14) when calculating interest, it is assumed that the month has the actual number of calendar days, while the year has 365 days;
15) the loan repayment and interest will be secured by a blank promissory note together with a promissory note declaration. In this respect, other provisions in the loan agreement are inadmissible, including submission to enforcement pursuant to Article 97(1) and (2) of the Banking Law (consolidated text, Journal of Laws of 2021, item 2439, as amended);
REMARK!!! For the purpose of evaluating tenders, WIBOR 1M is assumed to be 6 %.
The entire subject of the contract is contained in Chapter IV of the SWZ.