The subject of the contract is the granting and servicing of a long-term loan up to PLN 20,000,000 (in words: twenty million zlotys 00/100) to cover the planned budget deficit and repayment of previously incurred liabilities under loans, advances and redemption of securities.
1. The subject of the contract is the granting and servicing of a long-term loan up to the amount of PLN 20 000 000 (in words: twenty million zlotys 00/100) intended to cover the planned budget deficit and repayment of previously incurred liabilities under loans, loans and redemption of securities.
2. The loan will be launched without commissions and fees.
3. Interest on the loan shall be calculated from the first day of starting the loan.
4. Grace period for repayment of loan installments with interest: until 30 March 2024
5. Repayment of capital installments will take place in 40 equal quarterly installments of PLN 500,000.00 each.
6. Repayment of principal and interest installments will take place quarterly on the last day of the month ending the quarter starting from 31.03.2024 to 31.12.2033.
7. Interest liabilities will be calculated according to the interest rate based on the variable WIBOR rate for PLN 3-month deposits on the interbank market from the last quotation in the month preceding the month in which interest will be calculated, increased by the contractor's margin determined on the basis of the submitted offer.
8. The contractor's margin shall be fixed during the contractual loan period. Decreasing interest.
9. The Contractor shall charge interest on the amount of credit actually used. Interest will be calculated for the actual number of days of use of the loan, assuming that the financial year is 365 days and in the case of a leap year 366 days from the date on which the debt arises to the day before repayment.
10. If the payment date of credit and interest installments falls on a public holiday – repayment takes place on the first business day falling after the public holiday. In December, the repayment of installments will take place on the last working day of the month.
11. Estimated date of use of the credit (for calculation purposes only):
- 01.12.2023 – PLN 20,000,000.00;
12. The use of the loan will take place in a non-cash form on the charge of the Ordering Party's credit account.
13. The Ordering Party reserves the right to:
1) reduce the use of the loan without additional commissions and fees;
2) renegotiation of amounts and dates of repayment of capital.
3) early repayment of the loan at no additional cost.
14. The Ordering Party informs that the Countersignature of the Treasurer will not be placed on the bill of exchange and the bill of exchange declaration.
15. The loan will be secured by a blank promissory note together with a promissory note declaration.
16. Before signing the contract, the Contractor shall submit to the Ordering Party for acceptance the expected loan repayment schedule taking into account all the requirements of swz.