The subject of the contract is: "Granting a bank loan in the amount of PLN 2,500,000 to the Czersk Municipality to cover part of the planned deficit in the amount of PLN 8,900,000".
1. The Contractor shall grant the Contracting Authority a loan in the Polish currency in the amount of PLN 2,500,000 (say: two million five hundred thousand zlotys) on the terms and conditions specified in the loan agreement.
2. The Contracting Authority will allocate funds from the loan to cover the planned deficit in accordance with Article 89(1)(2) of the Public Finance Act of 27 August 2009 (i.e. Journal of Laws of 2023, item 1270, as amended).
3. The subject of the order should be completed by: 31.12.2023. The loan will be granted for the period from the date of conclusion of the agreement until 30.06.2038.
further string in point II.2.4
4. The Contractor shall make the funds of the loan available to the Contracting Authority on the day of signing the contract.
5. The Contractor shall disburse all tranches of the loan in accordance with the Contracting Authority's instructions without charging a commission on the unused part of the loan.
6. The Contractor shall disburse the loan funds in the amount and dates indicated by the Contracting Authority in the instructions submitted to the Contractor, without submitting a separate loan application to be considered.
7. The final deadline for using the credit is 31.12.2023.
8. The Ordering Party shall have the right to submit a written statement of resignation from further use of the credit.
9. The credit will be used in Polish currency.
10. The amount of the credit facility used will bear interest on an annual basis, at a variable interest rate.
11. The interest rate referred to in point 10 shall be equal to the base rate increased by the Contractor's fixed margin, determined on the basis of the submitted offer.
12. The Contracting Authority's liabilities under interest on the loan will be settled 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 the interest will be calculated, increased by the Contractor's fixed margin determined on the basis of the submitted offer.
13. Interest will be calculated on the basis of 365 days in a year, with the number of calendar days falling in a given month in a month being assumed, and each day for 1/365 of a year.
14. The Contracting Authority shall be notified in writing by the Contractor of the base rate (WIBOR 1 M) constituting the basis for calculating the interest rate on the loan in a given month and of the amount of interest accrued for a given month by the 20th day of that month.
15. The Contractor's margin is fixed during the contractual credit period.
18. Interest on the credit used is calculated in monthly accounting periods, in accordance with the actual number of days of the calendar month and is payable by the last business day of each month for which it was accrued, whereby:
(a) the first accounting period shall be calculated from the date of payment of the first tranche of the loan and shall end thereafter
on the last day of the calendar month,
b) the last accounting period ends on the day preceding the full repayment of the loan.
16. In each accounting period included in the contractual loan period, the interest rate on the loan will be fixed.
17. The Contracting Authority has the right to early repayment of all or part of the loan
within the period indicated 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.
18. In the event of early repayment of part of the loan or its entirety, the Contractor shall recalculate the interest for the accounting period in which the repayment took place and shall inform the Contracting Authority in writing of the amount of interest for the current accounting period within two days from the date of receipt by the Contractor of the written notification of the early repayment.
19. If the Contracting Authority makes an early repayment of part of the loan, the Parties shall establish a new loan repayment schedule in the form of an annex to the agreement.
20. Early repayment of all or part of the loan does not mean its termination.
21. The Contractor shall not be entitled to charge or collect any additional fees
and commissions, with the exception of fees and commissions, which will be set out in the contract.
22. The loan will be repaid by 30.06.2038.
23. The loan repayment schedule will be attached to the agreement.
24. If the loan or interest repayment date falls on a Saturday or a public holiday, the deadline shall be deemed to have been met if the repayment is made on the first business day after the date specified in the loan agreement.
Continued in point III.1.3)