1. The subject of the contract is: "Granting a long-term loan in the amount of PLN 9,500,000.00 for the Municipality of Tarnów to cover the deficit and expenditure of the commune's budget for 2022" on the following conditions:
1) The loan will be collected in tranches, the amount of which will be reported by the borrower in a written instruction to launch the loan tranche, the so-called "on demand", with the last tranche being credited to the bank account no later than 31.12.2022.
2) Repayment of the loan in years and amounts:
a) 2023 year - 900 000,00 PLN
b) 2024 year - PLN 1,100,000.00
c) 2025 year - PLN 1,100,000.00
d) 2026 year - PLN 1,300,000.00
e) 2027 year - PLN 1,300,000.00
f) 2028 year - PLN 1,300,000.00
g) 2029 year - PLN 1,240,000.00
h) 2030 year - PLN 1,260,000.00
cd.description in section 2.4
2) The amount of annual principal repayments may change depending on the actual use of the loan and will be determined after 31.12.2022 (i.e. after the final start-up date). If the loan is not fully used, the installments will be reduced in proportion to the amount of the loan.
3) The loan will be repaid in two-month installments, payable on the last business day of each month, starting from 28.02.2023. Installments will be repaid in individual years, at the end of the month of February, April, June, August, October and December. The repayment of the loan or their installments is the date of receipt of receivables on the credit account.
4) Interest will be repaid on the following dates:
a) interest on the loan for 2022 will be payable once on 31.12.2022.
b) interest for the years 2023 – 2030 – on the dates of repayment of capital installments on the basis of written information on the amounts due, transferred by the contractor without charging the Ordering Party with costs 7 days before the payment date.
5) The interest rate will be determined on the basis of the base rate - WIBOR 1M, according to the quotation on the last business day of the previous calendar month, for which interest will be accrued (rounded to two decimal places), increased by the bank's margin. In the event of liquidation of the WIBOR 1M rate, it will be converted, by agreement of the parties, into a rate that will replace the WIBOR 1M rate or the rate closest in size and nature to the WIBOR 1M rate without costs charged to the Ordering Party.
If the WIBOR 1M base rate is negative, then until it reaches positive values, a base rate of 0.00 shall be used to calculate interest.
6) The bank's fixed margin (specified in Annex 1a to the SWZ) is not subject to change throughout the entire period of the contract.
7) Other fees and commissions of the bank will not occur. The loan will not be charged with fees other than those listed in these tender specifications.
8) The loan will be launched without commissions and fees.
9) Collateral for the loan – blank promissory note.
10) The Ordering Party reserves the right to use part of the credit placed at its disposal.
11) The Ordering Party reserves the right to repay the loan early without additional fees and commissions.
12) All settlements between the Ordering Party and the Contractor will be conducted in Polish currency (PLN).
A detailed description of the order is described in Chapter III of the SWZ.