1. The object of the contract is the provision of a long-term loan of 6,500.000,000,00PLN to finance the planned budget deficit of the Municipality of Czarnków in 2021 and the repayment of obligations for previously borrowed loans and loans.
2. Loan repayment dates: years 2022 — 2043.
3. The repayment of the capital will occur during periods set in the timetable starting from 20.06.2022 on the basis of the charge note (information) provided by the Bank to the Contracting Authority, 3 days before the scheduled repayment.
4. The security of the credit is a promissory note in blanco together with a promissory statement. The documents will be provided with a countersignate of the Treasurer;
5. Launch of the credit within... (data from the offer) days after the conclusion of the contract within the dates and tranches indicated in the written request of the Contracting Authority with final use until 15 December 2021.
1. The object of the contract is the provision of a long-term loan of 6,500.000,000,00PLN to finance the planned budget deficit of the Municipality of Czarnków in 2021 and the repayment of obligations for previously borrowed loans and loans.
2. Loan repayment dates: years 2022 — 2043.
3. The repayment of the capital will occur during periods set in the timetable starting from 20.06.2022 on the basis of the charge note (information) provided by the Bank to the Contracting Authority, 3 days before the scheduled repayment.
4. The security of the credit is a promissory note in blanco together with a promissory statement. The documents will be provided with a countersignate of the Treasurer;
5. Launch of the credit within... (data from the offer) days after the conclusion of the contract within the dates and tranches indicated in the written request of the Contracting Authority with final use until 15 December 2021.
6. The cost of credit.
1) interest payable shall be charged for each day of use of the credit, counting from the date of its granting.
2) The accrual of interest shall be made in quarterly periods and shall be informed to the Borrower.
3) the interest on the credit used is payable at the end of the quarter within 10 days of the date of receipt of the charge note (information) on the amount of interest accrued, with:
the first accounting period shall be counted from the date of payment and shall end on the last day of the month ending the quarter i.e. 31 December 2021.
subsequent quarterly accounting periods shall be counted from the next day after the end of the previous accounting period and shall be equal to the calendar quarters.
the last accounting period ends on the day before the total repayment of the loan.
the last installment of interest is payable on the repayment date of the last installment of the loan.
4) the payment of interest shall be taken on the day of the impact of the credit account, where the payment date is on a statutory free day, the interest payment shall be made on the first working day following the statutory time off work.
5) credit rates counted according to the variable WIBOR rate for monthly deposits, applicable on each first day of the interest period (month), (published on the Reuters online news service at 11.00) plus (+)/less (-) by the bank's fixed margin expressed in the percentage points. Where the first day of the interest period is a statutory day off work, the rate on the next working day following that date shall apply. If the day off work for the Contractor is a non-festive Saturday, the WIBOR rate on the last working day preceding the first day of the interest period shall apply.
7. The Contracting Authority has the right to make early repayment of the loan or part thereof without prior notice to the Lender and without incurring any incrimination thereof. In the event of early, partial repayment of the loan, the loan period is unchanged unless the Borrower makes disparate dispositions in writing.
8. Interest on the loan incurred will not be capitalized.
9. The Contracting Authority shall not allow the specification of additional cost items in the offer.