The subject of the contract is the granting and servicing of a long-term loan in the amount of up to PLN 18,000,000.00 for the purpose of financing the budget deficit planned for 2023.
Basic credit data:
1/ long-term loan to finance the budget deficit of 2023,
2/ loan amount: up to PLN 18,000,000.00 (in words: eighteen million zlotys 00/100),
3/ loan period: from the starting point of the loan until 31.12.2030,
4/ The credit will be collected in tranches from the date of signing the agreement until 31 December 2023:
(a) Tranche I by the expected date by 30 November 2023. PLN 9,000,000.00,
(b) Tranche II by the envisaged date of 29 December 2023. PLN 9,000,000.00,
The subject of the contract is the granting and servicing of a long-term loan in the amount of up to PLN 18,000,000.00 for the purpose of financing the budget deficit planned for 2023.
2. Other provisions concerning the subject of the contract:
Basic credit data:
1/ long-term loan to finance the budget deficit of 2023,
2/ loan amount: up to PLN 18,000,000.00 (in words: eighteen million zlotys 00/100),
3/ loan period: from the starting point of the loan until 31.12.2030,
4/ The credit will be collected in tranches from the date of signing the agreement until 31 December 2023:
(a) Tranche I by the expected date by 30 November 2023. PLN 9,000,000.00,
(b) Tranche II by the envisaged date of 29 December 2023. PLN 9,000,000.00,
5/ determination of the amount of loan tranches and the date of placing funds at the disposal of the ordering party shall take place by submitting a demand for funds by the ordering party within 2 business days before the date of placing funds at the disposal of the ordering party,
6/ the amount of credit used bears 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,
7/ the reference rate is the WIBOR 1M rate indicating the interest rate for 1-month interbank deposits, calculated as the average of the last month preceding the month for which the interest rate is calculated. Also in relation to the first interest period, WIBOR 1M from the previous month is taken into account,
8/ the bank's margin is fixed (unchanged) during the contractual loan period,
9/ A change in the interest rate during the loan period is allowed in the case of only a variable WIBOR 1M rate. Pursuant to Article 92(1) of the Public Finance Act of 29 August 2009 (Journal of Laws of 2023, item 1270, późn.zm), capitalisation of interest is inadmissible,
10/ to calculate the interest rate on the loan in the offer, the base rate WIBOR 1 M should be used, the average value recorded in August this year, i.e. 6.8087% plus the bank's fixed margin and the planned schedule of borrowing and repayment of capital,
11/ interest will be repaid on a monthly basis, calculated from the date of starting the loan. Interest will be payable by the 15th business day of each month on the basis of interest notes sent by the Lender at least 7 days before the interest payment date. If this deadline is not observed, the payment of interest shall be postponed accordingly,
12/ to calculate the amount of interest, the actual number of days in each month in relation to the actual number of days in a year (365/365 and 366/366 in a leap year) is used,
13/ When calculating interest on a loan, the following assumptions should be made: the debt balance arising after the payment of the loan installment (tranche) in a given month should be taken into account for the interest calculation period, with the proviso that on the day of payment of the loan installment, interest is calculated on the increased debt balance in connection with the payment of the (next) loan tranche on that day, similarly in the case of repayment of loan installments, for accruing interest, the current debt balance in a given month should be assumed, with the proviso that on the date of repayment of the next installment of the loan, interest is calculated on the reduced debt balance in connection with the repayment of that day of the loan,
14/ in the event of delay in payment of interest, the Contractor has no right to increase the interest rate on the entire outstanding loan,
15/ the value of interest for late repayment of capital will be determined in the amount not exceeding 125% of the contractual interest rate on the loan,
Other information can be found in SWZ.