1.The subject of the contract is the award and servicing of a long-term loan in the amount of PLN 4,190,000.00 intended to finance the planned budget deficit of the Municipality of Kochanowice.2.Quality standards of the features of the subject of the contract: The loan granting service is a universally available service with specific technical standards and standards resulting from specific provisions of law. Repeatable quality and technical characteristics of the service do not require a complicated description and giving different quality characteristics. In the services of granting credit, there is a constant level of characteristics of the product offered. A loan is an agreement under which the Bank provides the Ordering Party with a certain amount of money for a specified period and purpose, in exchange for remuneration in the form of interest and possibly commission. The features of the loan are: maneuverability, purposefulness and payment. Parameters, i.e. the period in which the refund will take place and the purpose for which the Ordering Party incurs it, in accordance with applicable regulations. This also applies to the form of the security
8) Interest rate on the loan based on the WIBOR one-month rate (WIBOR 1M) as of
On 28 October 2022, i.e. 7.12% plus the proposed bank margin. (NOTE: the date of October 28, 2022 on the basis of which WIBOR 1M is to be calculated has been given only
and solely for the purposes of the invitation to tender, for the purpose of comparability of the tenders submitted).
9) Interest will be calculated on the amount of funds actually used, paid on a monthly basis.
10) Interest payment date: by the 20th day of each month for the previous month, payable on the basis of the Contractor's written information.
(11) Where the repayment date of the credit or interest falls on a public holiday, the agreed date shall be deemed to have been observed if the repayment was made on the first working day following the prescribed repayment date.
12) For settlement purposes, it is assumed that the settlement period coincides with the calendar month, which counts the actual number of days, and the year has 365 days or 366 days (in the year in which February has 29 days).
13) The Ordering Party reserves the right to:
- changing the dates and amounts of loan repayment without additional fees. The Ordering Party shall notify the Contractor of the planned early repayment of part or all of the loan, in the event of early repayment of part or all of the loan, interest will be payable on the actual debt.
- early repayment of the loan without additional costs associated with early repayment and without the need to obtain the bank's consent.
14) The Ordering Party does not incur additional fees and commissions due to certificates and other documents issued by the bank necessary for the Ordering Party to keep accounting records and determine the amount of financial liabilities.