The subject of the contract is the service of granting a long-term loan in the amount of PLN 4,791,962.92 (in words: four million seven hundred ninety one nine hundred sixty two and 92/100) to finance the planned budget deficit in 2023.
1. The subject of the contract is the service of granting a long-term loan in the amount of PLN 4,791,962.92 (in words: four million seven hundred ninety one nine hundred sixty two and 92/100) to finance the planned budget deficit in 2023, hereinafter referred to as the "Loan". CPV 66113000 Credit services.
2. The loan will be activated by one transfer within 7 business days of signing the contract, in accordance with the written instruction of the Ordering Party.
3. The loan will be granted in Polish zlotys (PLN). All settlements between the Ordering Party and the Contractor will also take place in PLN.
4. The Contractor may not make the granting of the loan dependent on taking over the banking service of the Ordering Party and credit insurance by the Contracting Entity.
5. The contractor to service the loan should open a technical account – without fees and commissions.
6. The loan will bear interest at a variable interest rate, which is the sum of the variable WIBOR 1M rate and the Bank's fixed margin.
7. The WIBOR 1M rate will be determined as the arithmetic mean of all quotations from the calendar month preceding the month of accruing interest.
8. Interest shall be calculated on the assumption that the financial year has 365 days and the month the actual number of days.
9. Interest will be calculated on a monthly basis (calendar months).
10. Interest shall be calculated on the amount of the current debt and shall be repaid quarterly no later than the 30th day of the month ending the quarter.
11. Interest will be repaid on the basis of an interest note / other document confirming the amounts to be repaid / confirmation sent in a different form (including e-mail), sent by the Contractor to the Ordering Party.
12. Interest shall constitute the only remuneration of the Contractor for the performance of the loan agreement and the Ordering Party shall not incur any additional costs
and fees related to the preparation, granting, insurance and any other charges related to the servicing of the loan.
13. The principal of the loan will be repaid in the years 2026-2035 in quarterly installments.
Repayments shall be set according to the following schedule:
-until 31.12.2026 – PLN 80,000.00
-until 31.12.2027 – PLN 80,000.00
-until 31.12.2028 – PLN 340,000.00
-until 31.12.2029 – PLN 340,000.00
-until 31.12.2030 – PLN 550,981.46
-until 31.12.2031 – 689 981,46 PLN
-until 31.12.2032 – 689 000,00 PLN
-until 31.12.2033 – PLN 674,000.00
-until 31.12.2034 – PLN 674,000.00
-until 31.12.2035 - 674 000,00 PLN
14. Installments will be repaid in the above-mentioned individual years in quarterly installments starting from 31/03/2026.
15. The date of repayment of the Loan and/or interest shall be the date on which the funds are credited to the Loan account.
16. In the event that the repayment date of the principal of the Loan and/or interest expires on a non-working day, repayment will take place on the next business day after this date.
17. The Ordering Party reserves the right to change the dates and amount of repayment of principal installments throughout the loan period, but the date of full repayment of the loan shall be determined no later
than until 31 December 2035, subject to the possibility of early repayment of the loan and in this respect will not be charged by the Contractor with any additional fees.
18. The Contractor undertakes to guarantee the acceptance of early repayment of part or all of the loan without charging the Ordering Party with additional costs after prior submission of an instruction by the Ordering Party containing the amount and date of repayment, within 7 days before the date of repayment.
19. The Ordering Party reserves the right to take out a loan in a lower amount than agreed (in this case, the final installments of the loan will be reduced accordingly).
20. The loan will be secured by a blank promissory note of the Borrower signed individually by the Head of the Leoncin Commune and a promissory note declaration containing the countersignature of the Municipal Treasurer.