The subject of the contract is the granting of a long-term PLN loan in the amount of PLN 2,500,000.00 for the Lubaczów Commune, hereinafter referred to as the Ordering Party, with the following characteristics:
a) Loan amount PLN 2,500,000.00 (in words: two million five hundred thousand zlotys 00/100). The loan will be released in Polish zlotys (PLN), in a non-cash form through the implementation of the Ordering Party's instructions
(b) Purpose of the credit:
• repayment of previously incurred liabilities under loans and advances in the amount of
PLN 1,020,000.00,
• financing the planned deficit in the amount of PLN 1,480,000.00.
c) Loan period: from the date of conclusion of the contract until 31.12.2038.
d) The loan repayment will be secured only by a blank promissory note together with a promissory note declaration, countersigned by the Treasurer of the Commune on these documents.
The subject of the contract is the granting of a long-term PLN loan in the amount of PLN 2,500,000.00 for the Lubaczów Commune, hereinafter referred to as the Ordering Party, with the following characteristics:
a) Loan amount PLN 2,500,000.00 (in words: two million five hundred thousand zlotys 00/100). The loan will be released in Polish zlotys (PLN), in a non-cash form through the implementation of the Ordering Party's instructions
(b) Purpose of the credit:
• repayment of previously incurred liabilities under loans and advances in the amount of
PLN 1,020,000.00,
• financing the planned deficit in the amount of PLN 1,480,000.00.
c) Loan period: from the date of conclusion of the contract until 31.12.2038.
d) The loan repayment will be secured only by a blank promissory note together with a promissory note declaration, countersigned by the Treasurer of the Commune on these documents.
e) The loan will be activated at the borrower's written instruction, in the form of a transfer, in tranches, to the indicated bank account from the date of signing the contract until 31.12.202.
f) The Ordering Party reserves the right to use the full amount of the credit.
(g) It may be possible to change the amount and date of mobilisation of the credit. The Ordering Party shall inform the Contractor about the amount and date of payment of a given tranche of the loan 3 days before the payment of the loan.
h) Repayment of the capital in Polish zlotys will take place on quarterly dates specified in the annex to the agreement, in 40 installments in the amount of PLN 62,500.00 with a grace period for repayment of the first installment until 31.03.2029.
i) The Ordering Party reserves the right to repay the capital or the capital installment early, without incurring any costs in this respect.
j) The period of accrual of interest on the loan will be directly proportional to the actual time of credit,
k) It is allowed to postpone the repayment of the loan or loan installments with prior written information of the Contractor and obtaining the consent of the Bank.
l) Interest will be repaid on a quarterly basis specified in the annex to the agreement on the amount of credit actually used. The Contractor shall not charge any additional fees and commissions for granting and servicing the loan beyond the fees specified in the subject of the contract. The first payment of interest will take place in the month of granting the loan. The Contractor will be obliged to inform the contracting authority 10 days (calendar days) in advance about the amount of interest. For the calculation of interest, the year is assumed to have 365 days and the month and quarter to have the actual number of calendar days. The loan will be repaid in quarterly installments for the period from 31/03/2029 to 31/12/2038. If the date of repayment of the loan or interest falls on a public holiday, the deadline is deemed to have been met if the repayment is made on the first working day after the deadline specified in the contract. The Ordering Party reserves the right to repay the loan early without charging interest by the Bank for the period after repayment of the loan or additional fees. The Ordering Party reserves the right not to use the full amount of the credit at no additional cost.
m) To calculate the interest rate on the loan, the current WIBOR 3M rate of 16/08/2023 + the bank's fixed margin should be used. The adopted WIBOR 3M rate of 16.08.2023 will only be used to compare the submitted offers. The interest rate on the loan will be based on a variable annual interest rate consisting of the sum of: - a fixed bank's margin during the loan period, - a variable interest rate during the loan period specified for three-month WIBOR 3M bank deposits - quoted on the last business day of the quarter preceding the start of the next quarterly accounting period. The one-time commission calculated as a % of the loan amount includes all fees related to the loan launch.