1. The subject of the contract is: granting and servicing a long-term loan in the amount of PLN 17,000,000 (in words: seventeen million zlotys) to finance the planned budget deficit of the Kętrzyn poviat in 2020.
2. The deadline for granting the loan is the date of payment of cash to the bank account of the Employer.
3. The contractor will launch a credit line on the day the contract is signed.
4. The loan will be activated in parts or once. Determining the value of disbursements of part of the loan and the deadline for placing them at the disposal of the Employer will be made by submitting by the Employer a demand for funds within the period specified in the Contractor's offer - criteria for evaluation of offers.
5. The Purchaser reserves the right not to use the entire loan amount without giving a reason. The Purchaser shall not incur any fees for not using the full amount of the loan.
1. The subject of the contract is: granting and servicing a long-term loan in the amount of PLN 17,000,000 (in words: seventeen million zlotys) to finance the planned budget deficit of the Kętrzyn poviat in 2020.
2. The deadline for granting the loan is the date of payment of cash to the bank account of the Employer.
3. The contractor will launch a credit line on the day the contract is signed.
4. The loan will be activated in parts or once. Determining the value of disbursements of part of the loan and the deadline for placing them at the disposal of the Employer will be made by submitting by the Employer a demand for funds within the period specified in the Contractor's offer - criteria for evaluation of offers.
5. The Purchaser reserves the right not to use the entire loan amount without giving a reason.
The Purchaser shall not incur any fees for not using the full amount of the loan.
6. The interest rate on the loan will be variable, depending on the WIBOR 1M rate set on the last business day of the month preceding the interest period and the bank's fixed margin.
7. Capitalization of interest is unacceptable.
8. The loan may not be charged with other fees and commissions.
9. Loan principal repayment period from 29.1.2021 to 31.12.2035. Loan installments with interest payable by the last day of each subsequent calendar month.
10. The loan principal will be repaid in 180 monthly installments (including 179 equal installments in the amount of PLN 94 440 and the last 180 equalizing installments in the amount of PLN 95 240).
11. Repayment of interest in monthly installments commencing from the month the loan is placed at the disposal of the Awarding Entity (interest on the amount of the loan actually launched).
12. The price of the offer is the cost of servicing the loan.
13. By the 25th of each month, the bank will send electronically or in paper form information on the amount of interest payable by the last day of the month regarding the loan in question.
14. By the end of each month, the bank will send a bank statement regarding the principal and interest repaid regarding the loan in question.
15. A legal collateral for the loan repayment will be a blank promissory note with a promissory note declaration.
16. The Awarding Entity reserves the right to repay the loan granted or part thereof earlier and to change the amount of installments without incurring any additional fees and charges by the Awarding Entity.
17. The Contractor will charge interest on the loan amount actually used by the Employer less the repayments of principal installments, for the actual number of days the loan has been used, assuming that the interest is calculated for a calendar year (365 days a year).
18. The granting of a loan may not be conditioned by the transfer or opening of the Contracting Authority's current bank account.
19. The Purchaser, due to the specificity of the subject of this contract, reserves that the Contractor may not entrust the performance of the contract to subcontractors.