The subject of the contract is the provision of a long-term bank loan in the amount of PLN 5,900,000.00 for financing the planned deficit of the district budget.
1. The subject of the contract is to grant a long-term bank loan in the amount of PLN 5,900,000.00 for financing the planned budget deficit of the district.
2. Long-term bank loan in the amount of PLN 5,900,000.00 (five million nine hundred thousand zlotys) in the national bank, intended to finance the planned budget deficit of the district. The interest rate based on the WIBOR rate for one-month zloty interbank deposits from the last working day of the month preceding the interest period plus the bank's margin. The credit will not be charged any fees other than those mentioned in the SIVM, the only cost of the loan is its interest rate on the amount actually used. Throughout the lending period, the Lender's margin remains constant. Borrowers will have the right to:
• failure to use the full amount of the loan,
• early repayment of the loan at no additional cost,
• extend the loan repayment date at no additional cost during the duration of the contract.
Form of loan security- promissory note “in blanco” signed by the representation of the Board of Łukowski County together with the countersign of the Treasurer of the County.
3. The contract on the execution of the order will be concluded on a marked time.
4. Loan period from 2022 to 2032. The credit will be collected in tranches or one-time from the date of signing of the contract until 31 December 2022, on the basis of the Borrower's disposal of the mobilisation of funds. Execution of credit in the form of a transfer of funds to the account of the Ordering Party. Repayment of principal in quarterly installments from 2023 to 2032 payable on the last business day of the month ending the quarter, starting March 31, 2023. Repayment of interest in quarterly periods payable on the last business day of the month ending the quarter, i.e. accrued from the last business day of the previous quarter to the penultimate business day of the quarter in 2022 - 2032, starting from December 31, 2022. If the last day of the quarter/year falls on a non-working day, the repayment of capital and interest will take place on the last working day of the quarter/year without additional disposal on the part of the Contracting Authority.