1. The subject of the order is to grant a long-term loan in the amount of PLN 8,000,000.00 for: 1) PLN 7 129 887.00 to cover the planned deficit 2) PLN 870 113.00 for repayment of installments of previously drawn loans and credits 2. Basic data on the loan:
2.1. Leaving the loan at the disposal of the awarding entity: from the day following the conclusion of the contract until 31.12.2019, including:
1st tranche PLN 2,000,000.00 until 30.7.2019
Second tranche PLN 2,000,000.00 until 31/08/2019
III tranche 2,000,000.00 PLN to October 31, 2019
4th tranche PLN 2,000,000.00 until December 31, 2019
The Purchaser reserves the right not to use the loan tranche. The loan tranches may be launched on other dates than the above assumed, but no later than 31/12/2019.
1. The subject of the order is to grant a long-term loan in the amount of PLN 8,000,000.00 for:
1) PLN 7 129 887.00 to cover the planned deficit
2) 870 113.00 PLN for repayment of installments of previously drawn loans and credits
2. Basic data on the loan:
2.1. Leaving the loan at the disposal of the awarding entity: from the day following the conclusion of the contract until 31.12.2019, including:
1st tranche PLN 2,000,000.00 until 30.7.2019
Second tranche PLN 2,000,000.00 until 31/08/2019
III tranche 2,000,000.00 PLN to October 31, 2019
4th tranche PLN 2,000,000.00 until December 31, 2019
The Purchaser reserves the right not to use the loan tranche. The loan tranches may be launched on other dates than the above assumed, but not later than on 31/12/2019.
2.2. Loan repayment period - 15 years. The repayment of capital will take place on a quarterly basis from 1.1.2020 to 31.12.2034 (subject to the possibility of early repayment of the loan without incurring additional costs). Grace in repayment of principal installments and interest until 31.3.2020.
2.3 Interest repayment dates: interest installments will be payable on principal installments.
2.4 The interest rate on the loan will be based on a variable interest rate determined based on the WIBOR rate for one-month zloty interbank deposits increased by the Bank's fixed margin during the loan period.
2.5 Description of the method of interest calculation: the variable interest rate of the loan will be calculated on the basis of the arithmetic average of the variable base rate WIBOR 1M from the previous calendar month and the bank's fixed margin on an annual basis presented in the offer. The interest rate changes each day of the calendar month during the loan period according to the WIBOR 1 M rate for the previous calendar month, also in relation to the first interest period the month preceding the day of the first loan tranche is taken into account.
The bank's margin indicated in the offer is valid for the entire loan period.
To calculate the interest rate, it is assumed that the year has 365 days and the month has the actual number of days.
2.6 To calculate the interest rate on a loan, an average WIBOR 1M base rate as at May 22, 2019, a fixed bank margin and a planned capital repayment schedule should be used.
The calculation of interest on the loan will take place on a quarterly basis. The bank is obliged to calculate interest for each quarter and send the burden to the Purchaser.