The subject of the contract is the granting of a bank loan in the amount of PLN 7,400,000.00 to finance the planned deficit, including property expenses.
1. The subject of the contract is the granting of a bank loan to finance the planned deficit, including property expenditure.
2. Loan amount – up to PLN 7,400,000 (in words: seven million four hundred thousand 00/100).
3. Loan period – the Ordering Party undertakes to repay the loan with interest by 31.12.2034.
4. Grace period in repayment of capital – until 30.01.2028.
5. Repayment of the capital in Polish zlotys will take place as follows:
1) grace period for repayment until 30/01/2028
2) repayment in monthly installments according to the schedule:
a) 2028 – PLN 900,000, including 12 installments of PLN 75,000 each,
b) 2029 – PLN 500,000, including 11 installments of PLN 41,000, the last installment PLN 49,000,
c) 2030 – PLN 1,000,000, including 11 installments of PLN 83,000, the last installment PLN 87,000,
d) 2031 – PLN 1,000,000, including 11 installments of PLN 83,000, the last installment PLN 87,000,
e) 2032 – PLN 1,500,000, including 12 installments of PLN 125,000 each,
f) 2033 – PLN 1,500,000, including 12 installments of PLN 125,000 each,
g) 2034 – PLN 1,000,000, including 11 installments of PLN 83,000, the last installment PLN 87,000.
6. The loan and interest will be repaid from the own income of the Rawicz Commune.
7. Interest will be calculated in monthly settlement periods on the current state of debt, payable by the 20th calendar day of the following month. The Ordering Party shall be notified of the amount of interest charged by the Bank. An acceptable form of notification, in addition to the written form, is the provision of information by e-mail.
8. Planned release of the loan in two tranches on:
1) not earlier than 15.06.2023 the amount of PLN 4,000,000,
2) not earlier than 15.10.2023, the amount of PLN 3,400,000.
9. The Ordering Party reserves that:
1) the planned release of individual tranches of the loan may change,
2) the total amount of the loan launched may be less than PLN 7,400,000.00,
3) the loan repayment date and the amount of repayment of the loan installment may change without the Bank charging additional fees.
10. Collateral for the loan in the form of: blank promissory note together with a promissory note agreement.
11. Loan servicing costs – the offer price is the sum of the commission for granting the loan and interest on the loan during the loan period.
12. The loan will bear interest at a variable interest rate determined as the sum of the WIBOR rate for one-month deposits (WIBOR 1 M) and the Bank's margin.
13. The Bank's margin may not be increased during the term of the loan agreement, while the WIBOR 1M rate used to calculate the interest rate on the loan will be the rate applicable on the interbank market on the last day of the calendar month for which interest is calculated.
14. In the absence of WIBOR quotations for a given day, the quotations from the day preceding in which the WIBOR rate was quoted shall be used to calculate the interest rate. In the event of a negative WIBOR 1M value, the WIBOR rate of 0.00% is assumed for the purpose of determining the interest rate on the loan.
15. When calculating interest on the loan, the actual calendar (i.e. the actual number of days in a month in relation to the actual number of days in a year) will be used.
16. The Ordering Party has the right to early repayment of the loan in whole or in part, without additional fees.
17. If the loan or interest repayment date falls on a non-working day, the Ordering Party shall pay the required installment on the first business day following the designated repayment date.
18. Pursuant to Article 95(1) and (2) and Article 438 of the PPL, the Contracting Authority requires that the Contractor or subcontractor employs on the basis of an employment relationship, within the meaning of the provisions of the Labour Code, a person or persons employed at the position of credit service and contacts with the Contracting Authority.
19. Other requirements concerning the description of the subject of the contract are included in Chapter III SWZ.