1. The subject of the contract is to grant a loan in the amount of PLN 4,070,000.00 for the repayment of previously contracted loans in the amount of PLN 4,070,000.00.
1.1) Loan repayment date: 2025 – 2032
2. Due to the limited number of characters, the full description of the subject matter of the contract is specified in §III of the Terms of Reference.
1. The subject of the contract is to grant a loan in the amount of PLN 4,070,000.00 for the repayment of previously contracted loans in the amount of PLN 4,070,000.00.
1.1) Loan repayment date: 2025 – 2032
Interest due is calculated for each day of using the loan, counting on its amount used. Interest is calculated on the last day of each month. Interest is payable on a quarterly basis for each quarter of the calendar year. Interest payments will be made after the end of the calendar quarter on the 15th day of the month following the end of the quarter (if the date falls on a Saturday or a day recognized by law as a non-working day, on the first business day preceding this date), whereby:
1) the first settlement period is counted from the date of payment and ends on 31.12.2023,
2) subsequent quarterly interest periods (calendar quarter) are calculated from the day following the end of the previous settlement period,
3) The last settlement period ends on the day preceding the full repayment of the loan. The last interest instalment is payable on the date of repayment of the last instalment of the loan.
The Bank will provide written information about the amount of accrued interest in email form to um@umilawa.pl and jwisniewska@umilawa.pl
1.3) Interest repayment is the date on which the receivables are credited to the credit account. If the payment date falls on a public holiday, the interest is paid on the first working day following the public holiday.
1.4) Interest rate on the loan calculated at the variable WIBOR rate for three-month deposits, effective on each first day of the interest period (calendar quarter) (published in the Reuters online news service at 11.00 a.m.) increased ( +) / reduced (-) by the bank's fixed margin expressed in percentage points. The WIBOR rate is set for a period of 3 months at the WIBOR 3M rate as of the 1st business day of the quarter and applies to the determination of the interest rate starting from the 1st business day of the quarter.
1.5) The Ordering Party has the right to make early repayment of the loan in whole or in part without prior notification to the Lender and without incurring any burdens in this respect. In the case of earlier, partial repayment of the loan, the loan period remains unchanged, unless the Borrower submits a different instruction in writing.
1.6) Capitalisation of interest is not permitted.
1.7) The loan cannot be charged with other fees and commissions.
1.2) The repayment of the loan will be secured by a blank promissory note together with a promissory note declaration.
1.3) The Contracting Authority informs that the Treasurer of the Municipality will countersign the loan agreement.
Due to the limited number of characters, the full description of the subject matter of the contract is specified in §III of the Terms of Reference.