The subject of the contract is to grant to the Wejherowski Poviat a loan in the amount of PLN 10,000,000.00 in PLN to finance the planned budget deficit.
The subject of the contract is to grant to the Wejherowski Poviat a loan in the amount of PLN 10,000,000.00 in PLN to finance the planned budget deficit.
The contracting authority provides for the repayment of the loan, the repayment of capital in 179 monthly installments, including 178 installments in the amount of PLN 56,000.00, the last 179 installment in the amount of PLN 32,000.00 payable by the last business day of each month from 31/01/2020.
The interest rate on the loan will be calculated according to a variable interest rate set as the base rate plus a fixed bank margin:
1) base rate: WIBOR for one-month zloty interbank deposits from the last business day of each month preceding the accounting period. The base rate determined in this way applies from the first day of the next calendar month,
2) fixed bank margin for the entire loan period specified by the contractor in the offer.
When calculating interest, the actual number of days per year is assumed to be 365, and in leap years (i.e. 2020, 2024, 2028, 2032) 366 days and the actual number of days per month.
No fees or commissions, in particular related to granting, launching or servicing of the loan, are anticipated.
The awarding entity envisages using the loan by December 31, 2019, depending on the needs of the awarding entity at the request or applications of the awarding entity submitted to the contractor 2 business days before the tranche is released.
The loan amount not activated by the end of this year will not be used. There will be no fee or commission on the unused loan amount.
The contracting authority reserves the right to refinance expenditure incurred before the conclusion of the loan agreement for the current financial year.
The Purchaser reserves the right to repay the loan early without paying any fees. Early repayment of the loan will result in a proportional reduction in the amount of interest due, which will be calculated on the outstanding amount of debt.
The contracting authority provides for a way to secure the loan repayment in the form of a blank promissory note.
The promissory note and promissory note declaration will be signed by the Employer at the Treasurer's countersignature.