1) The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 1,800,000 (one million eight hundred thousand zlotys) to finance the municipal budget deficit and to repay liabilities due to loans.
2) Making the loan available in the 1st tranche on 30/04/2020 in the amount of PLN 1,800,000.00. The interest rate on the loan will be variable and will be determined according to the average WIBOR 1M rate as at 31.1.2020 increased by a fixed margin during the loan period.
3) Interest on the credit used will be calculated on a monthly basis and collected on a quarterly basis on the last business day of the month ending the calendar quarter for the period for which the interest was accrued, with the repayment of the last interest installment taking place on 30/11/2041.
4) The Purchaser reserves the right to use the loan in an incomplete amount.
5) A full description of the subject of the contract is provided in section 2 of the ToR.
1. The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 1,800,000 (one million eight hundred thousand zlotys) to finance the municipal budget deficit and to repay liabilities due to loans.
Placing a loan available in the 1st tranche on 30/04/2020 in the amount of PLN 1,800,000.00. The interest rate on the loan will be variable and will be determined according to the average WIBOR 1M rate as at 31.1.2020 increased by a fixed margin during the loan period. The average WIBOR 1M rate will be determined as the monthly arithmetic average of daily rates applicable in the month preceding the period for which interest will be calculated.
The interest rate on the loan will be determined on the last business day of each month and will be valid for the entire period of the month following the month in which it was set.
Interest on the loan used will be calculated on a monthly basis and collected on a quarterly basis on the last business day of the month ending the calendar quarter for the period for which the interest was accrued, with the repayment of the last installment of interest taking place on 30/11/2041.
The loan placed by the Bank will be used in the form of transferring the loan to the account specified by the borrower, based on the borrower's instructions submitted to the bank.
The Employer reserves the right to use the loan in an incomplete amount in the event of circumstances that could not have been previously foreseen without financial consequences on the part of the Contractor with whom the contract will be signed.
Planned repayment dates and loan installments:
1) 30.1.2021 - PLN 5,000,
2) 30.1.2022 - PLN 5,000,
3) 30.1.2023 - PLN 5,000,
4) 30.1.2024 - PLN 5,000,
5) 30.1.2025 - PLN 5,000,
6) 30.1.2026 - PLN 5,000,
7) 30.1.2027 - PLN 5,000,
8) 30.1.2028 - PLN 5,000,
9) 30.1.2029 - PLN 5,000,
10) 30.1.2030 - PLN 5,000,
11) 30.1.2031 - PLN 5,000,
12) 30.1.2032 - PLN 5,000,
13) 30.1.2033 - PLN 5,000,
14) 30.1.2034 - PLN 10,000,
15) 30.1.2035 - PLN 10,000,
16) 30.9.2036 - PLN 200,000,
17) 30.9.2037 - PLN 200,000,
18) 30.9.2038 - PLN 100,000,
19) 30.9.2039 - PLN 115,000,
20) 30.9.2040 - PLN 100,000,
21) 31.7.2041 - PLN 500,000,
22) 30.11.2041 - PLN 500,000.
2. The deadline for launching the loan tranche may not be longer than 3 days from the day of submitting the withdrawal order.
3. The Purchaser has the right to use the loan in an amount lower than the amount of PLN 1,800,000.00, without incurring additional costs (fees, commissions, etc.).
4. The loan will be used until 31/12/2020 "on demand", ie after a written instruction to launch the loan on the Commune's account.
5. The loan may not be charged with any other fees than those listed in the ToR.
6. All settlements between the Employer and the Contractor will be carried out in Polish currency (PLN).
7. The commune will not submit a declaration on submission to enforcement pursuant to art. 777 parish 1 point 5 of the Code of Civil Procedure
8. The Purchaser agrees to the countersignature of the treasurer on the loan agreement, promissory note, promissory note declaration.
9. The commune's accounts with banks are not subject to execution classes.
10. The commune does not have any outstanding liabilities at banks.
11. There was no recovery program within the meaning of the Act of 27.8.2009 on public finances in the commune.
12. In the commune, no debt collection actions initiated at the request of banks were carried out through the court bailiff.
13. The real calendar, ie 365/366 days (actual number of days in a month) should be used for calculating interest on the loan.
14. The Purchaser has not granted sureties and guarantees to other entities.
15. The Awarding Entity does not have any outstanding obligations towards ZUS or Tax Office.
16. The Awarding Entity does not have any capital related entities with the Commune.
17. The loan will be secured by a blank promissory note under the conditions specified in the promissory note declaration.