The subject of the order is: "Granting a bank loan in the Czersk Commune in the amount of PLN 8,500,000 for repayment of liabilities in 2020 resulting from loans taken".
1. The Contractor shall grant the Employer a loan in Polish currency in the amount of PLN 8,500,000 (in words: eight million five hundred thousand zlotys) on the terms specified in the loan agreement.
2. The Awarding Entity will allocate funds from the loan to repay liabilities resulting from loans taken in 2020 in accordance with art. 89 paragraph 1 point 3 of the Act of 27 August 2009 on public finance (i.e. - Journal of Laws of 2019, item 869, as amended).
3. The loan will be granted for the period from the day of concluding the contract until 31/08/2037.
The subject of the order has been described in detail in Annex 3 to the ToR - description of the subject of the order.
1. The Contractor shall grant the Employer a loan in Polish currency in the amount of PLN 8,500,000 (in words: eight million five hundred thousand zlotys) on the terms specified in the loan agreement.
2. The Awarding Entity will allocate funds from the loan to repay liabilities resulting from loans taken in 2020 in accordance with art. 89 paragraph 1 point 3 of the Act of 27 August 2009 on public finance (i.e. - Journal of Laws of 2019, item 869, as amended).
3. The loan will be granted for the period from the day of concluding the contract until 31/08/2037.
4. The Contractor shall open a credit account on the day of conclusion of the loan agreement at the latest
And it will run for free during its validity.
5. The Contractor shall open a sub-account to the credit account at the latest on the day of conclusion of the contract
And it will run them free of charge during the implementation of this loan agreement.
6. The Contractor shall place at the disposal of the Employer the loan funds on the day of signing the contract.
7. The Contractor shall launch all loan installments in accordance with the Employer's instructions without charging a commission on the unused part of the loan.
8. The Contractor will mobilize the loan in the amount and time limits specified by the Employer in the instructions submitted to the Contractor, without submitting a separate loan application to be considered.
9. The deadline for using the loan is December 31, 2020.
10. The Awarding Entity will have the right to submit a written statement of resignation from further use of the loan.
11. The loan will be used in Polish currency.
12. The amount of credit used will be interest-bearing on an annual basis, according to a variable interest rate.
13. The interest rate referred to in item 12 will be equal to the base rate plus a Contractor's fixed margin, determined on the basis of the offer.
14. The Employer's liabilities due to interest on the loan will be regulated in monthly accounting periods as the sum of the variable WIBOR base rate for PLN 1-month deposits on the interbank market, from the last quotation in the month preceding the month for which interest will be calculated, plus a fixed Contractor's margin determined on the basis of the offer.
15. Interest will be calculated on the basis of 365 days a year, with the month being the number of calendar days in a given month, and each day for 1/365 part of the year.
16. The amount of the base rate (WIBOR 1 M) constituting the basis for calculating the interest rate on a loan in a given month and the amount of interest accrued for a given month shall be notified to the Employer in writing by the Contractor by the 20th day of that month.
17. The Contractor's margin is fixed during the contractual loan period.
18. Interest on the loan used will be calculated in monthly accounting periods, in accordance with the actual number of days in the calendar month, and will be payable no later than 30th of the month for the month for which they were accrued, except for February in which interest will be paid on the last business day of the month wherein:
a) the first accounting period is counted from the date of payment of the first tranche of the loan and ends on the last day of the calendar month,
b) the last accounting period ends on the day preceding the full repayment of the loan.
19. In each accounting period included in the contractual lending period, the interest rate on the loan will be constant.
20. The Purchaser has the right to early repayment of all or part of the loan within the period specified by him, subject to prior written notification to the Contractor, which will be delivered in person or via e-mail no later than 7 days before the date of early repayment of all or part of the loan.
A detailed description of the subject of the contract in Annex 3 to the ToR.