1.1. Granting a long-term loan in the amount of PLN 7,209,490.00 (in words: seven million two hundred nine thousand four hundred and ninety zlotys 00/100) to finance the planned deficit and to repay previously incurred liabilities for the Municipality of Strawczyn for a period of 12 years, with repayment over a period of 11 years.
1.3. Characteristics of the loan:
1) Loan amount: up to PLN 7,209,490.00 (in words: seven million two hundred nine thousand four hundred ninety zlotys 00/100).
2) Loan period: from the date of signing the loan agreement to 31.12.2033.
3) The Contractor shall place the credit funds at the disposal of the Ordering Party;
−in the period: at the earliest from the date of signing the contract and at the latest by 31.12.2022;
−in tranches: depending on the borrower's needs on the basis of written requests for the next tranche submitted by the Ordering Party, within 2 working days before launch, without submitting separate loan applications;
1.1. Granting a long-term loan in the amount of PLN 7,209,490.00 (in words: seven million two hundred nine thousand four hundred and ninety zlotys 00/100) to finance the planned deficit and to repay previously incurred liabilities for the Municipality of Strawczyn for a period of 12 years, with repayment over a period of 11 years.
1.3. Characteristics of the loan:
1) Loan amount: up to PLN 7,209,490.00 (in words: seven million two hundred nine thousand four hundred ninety zlotys 00/100).
2) Loan period: from the date of signing the loan agreement to 31.12.2033.
3) The Contractor shall place the credit funds at the disposal of the Ordering Party;
−in the period: at the earliest from the date of signing the contract and at the latest by 31.12.2022;
−in tranches: depending on the borrower's needs on the basis of written requests for the next tranche submitted by the Ordering Party, within 2 working days before launch, without submitting separate loan applications;
– the loan will be activated without cash by transfer to the bank account of the Ordering Party, i.e. the Municipality of Strawczyn with the number: 26 8499 0008 0300 0026 2000 0071 of the Cooperative Bank in Łopuszno o/ Strawczyn.
1.4. Credit collateral
The loan repayment will be secured by a blank promissory note together with a promissory note declaration countersigned by the Treasurer.
1.5. The Ordering Party does not provide for a statement of submission to enforcement under bank regulations.
1.6. Interest is calculated for the actual number of days of credit use, assuming that the year is 365 days.
1.7. The Contractor shall not charge any other fees or commissions than those listed in the SWZ.
1.8. The Bank shall charge interest on the amount of current debt in quarterly periods, starting from the date of payment of the loan to the day preceding the repayment of the loan inclusive.
1.9. The interest payment date shall fall on the last day of each calendar quarter.
1.10. In the event that the repayment date of the loan installments and interest falls on Saturday, Sunday and holidays, the repayment date is maintained when payment is made on the first business day falling after these days.
1.11. Changing the interest rate on the loan does not require annexation of the Loan Agreement. The Bank will notify the Borrower in writing about the change in the interest rate caused by the change in the WIBOR 1M base rate.
1.12. The Bank will inform the Borrower each time about the amount of interest to be paid, at least 5 days before the payment date.
1.13. The Ordering Party reserves the right to make incomplete use of the granted loan without charging the Borrower with additional costs.
1.14. The Ordering Party reserves the right to early repayment of the loan or its installments without charging any additional costs (e.g. commission) to the Borrower.
1.15. In the event that the loan is repaid before the repayment date, interest will be calculated until the day preceding the loan repayment date, and not until the end of the contract period.
1.16. The Ordering Party reserves the right to extend the loan repayment date, change the amounts of individual repayment installments at the Borrower's request submitted to the Bank 14 days before the repayment date, without charging the borrower with additional costs, for a period not longer than until the last day of the next financial year, provided that the extension of the loan repayment date and changes in the amount of individual installments do not cause the statutory levels of the borrower's debt service ratios to be exceeded, however, the change in the amounts of individual repayment installments requires an annex to the contract.
In case of prolongata repayment of the loan, the bank will not charge an additional commission.
1.17. The Bank shall change the repayment schedule provided that the Ordering Party has current and prospective creditworthiness determined on the basis of the Bank's analysis of the economic and financial situation of the Ordering Party.
1.18. Repayment of principal: in accordance with the provisions of Chapter IV of this SWZ.
1.19. The Contractor shall not charge interest on the amount of the unused credit.
1.20. The Bank's margin remains unchanged