1. The Contractor shall grant the Ordering Party a loan in Polish currency in the amount of PLN 8,540,000 (in words: eight million five hundred and forty thousand zlotys) on the terms specified in the loan agreement.
2. The Contracting Authority will allocate funds from the loan to repay liabilities resulting from loans taken out in 2022 and to cover the planned deficit in accordance with Article 89(1)(2) and (3) of the Act of 27 August 2009 on public finances (i.e. - Journal of Laws of 2021, item 305, as amended).
3. The loan will be granted for the period from the date of conclusion of the agreement to 30.06.2039.
4. The Contractor will open the credit account at the latest on the date of the conclusion of the credit agreement and keep it free of charge during its period.
5. The Contractor shall open a sub-account or an account dedicated to servicing the credit account at the latest on the date of conclusion of the contract and will maintain it free of charge during the implementation of this loan agreement.
Continued in point II.2.4)
6. The Contractor shall put credit funds at the disposal of the Contractor on the date of signing the contract.
7. The Contractor shall launch all tranches of the credit in accordance with the Ordering Party's dispositions without charging a commission on the unused part of the credit.
8. The Contractor shall activate the credit funds of the amount and time limits indicated by the Contracting Authority in dispositions submitted to the Contractor, without submitting a separate credit application subject to consideration.
9. The deadline for the use of the loan expires on 31.12.2022.
10. The Contracting Authority shall have the right to submit a written declaration of relinquishing further use of the credit.
11. The use of credit will take place in the Polish currency.
12. The amount of credit used will be interest-bearing on an annual basis, at a variable rate.
13. The interest rate referred to in point 12 shall be equal to the base rate plus the Contractor's fixed margin, determined on the basis of the tender made.
14. The Contracting Authority's liabilities for interest on the loan will be regulated in the monthly accounting periods as the sum of the WIBOR variable base rate for gold 1- monthly deposits in the interbank market, from the last listing in the month preceding the month for which they will be charged interest, plus the Contractor's fixed margin determined on the basis of the tender made.
15. Interest will be charged on a basis of 365 days per year, with the number of calendar days per month per month and each day for 1/365 part of the year.
16. The amount of the base rate (WIBOR 1 M) which is the basis for the calculation of the loan interest rate in the month concerned and the amount of interest accrued for the month in question, the Contractor shall be notified in writing by the Contractor by the 20th day of that month.
17. Contractor's margin is fixed in the contractual credit period.
18. Interest on the credit used shall be calculated on a monthly accounting basis, according to the actual number of days of the calendar month, and shall be payable by the last working day of each subsequent month for which it is 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 on the last day of the calendar month,
b) the last accounting period ends on the day preceding the full repayment of the loan.
18. For each accounting period forming part of the contractual credit period, the borrowing rate shall be fixed.
19. The Ordering Party has the right to early repayment of all or part of the loan within the period indicated by it, 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.
20. In the event of early repayment of part of the loan or its entirety, the Contractor shall recalculate interest for the accounting period in which the repayment took place and inform the Ordering Party in writing about the amount of interest for the current accounting period within two days from the date of receipt by the Contractor of a written notification of early repayment.
21. If the Ordering Party makes an early repayment of part of the loan, the Parties shall agree on a new loan repayment schedule in the form of an annex to the contract.
22. Early repayment of all or part of the loan does not mean its termination.
23. The Contractor shall not be entitled to charge and charge any additional fees and commissions, except for fees and commissions to be set out in the contract.
24. The loan will be repaid by 30.06.2039.
25. The loan repayment schedule will constitute an Annex to the Agreement.
26. If the repayment date of the loan or interest falls on a Saturday or a public holiday, the deadline shall be deemed to have been met if the repayment took place on the first working day after the date specified in the credit agreement.
CONTINUED in point III.1.3)