The subject of the contract is the granting and servicing of a long-term loan up to PLN 1,900,000 (in words: one million nine hundred thousand zlotys 00/100) to cover the deficit and budget expenditures due to the repayment of loans taken out in previous years and the redemption of bonds.
1.1. The subject of the contract is the granting and servicing of a long-term loan up to the amount of PLN 1,900,000 (in words: one million nine hundred thousand zlotys 00/100) to cover the deficit and budget expenditures due to the repayment of loans contracted in previous years and the redemption of bonds.
1.2. The loan will be credited without commission and fees.
1.3. Interest on the loan will be calculated from the first day of starting the loan.
1.4. Grace period for repayment of loan installments with interest: until 30 March 2024
1.5. Capital installments will be repaid in 12 instalments
Installment
2024 100 000,00
2025 100 000,00
2026 100 000,00
2027 100 000,00
2028 100 000,00
2029 150 000,00
2030 150 000,00
2031 150 000,00
2032 150 000,00
2033 200 000,00
2034 300 000,00
2035 300 000,00
1 900 000,00
1.6. Repayment of principal and interest installments will take place quarterly on the last day of the month ending the quarter starting from 31.12.2023 to 31.03.2025.
1.7. Interest liabilities will be calculated according to the interest rate based on the variable WIBOR rate for PLN 3-month deposits on the interbank market from the last quotation in the month preceding the month in which interest will be calculated, increased by the contractor's margin determined on the basis of the submitted offer.
1.8. The contractor's margin is fixed during the contractual loan period. Decreasing interest.
1.9. The Contractor will charge interest on the amount of credit actually used. Interest will be calculated for the actual number of days of using the loan, assuming that the financial year has 365 days and in the case of a leap year 366 days from the date on which the debt arose to the day preceding repayment.
1.10. If the payment of loan and interest installments falls on a public holiday – repayment takes place on the first business day after the public holiday. In December, the installments will be repaid on the last business day of the month.
1.11. Expected date of use of the credit (for calculation purposes only):
-15.10.2023 – PLN 1,9000,000.00;
1.12. The credit shall be used in a non-cash form and shall be charged to the credit account of the Ordering Party.
1.13. The Ordering Party reserves the right to:
1) reduce the use of the loan without additional commissions and fees;
2) renegotiation of amounts and dates of repayment of capital.
3) early repayment of the loan at no additional cost.
1.14. The Ordering Party informs that the bill of exchange and bill of exchange declaration will not be countersigned by the Treasurer.
1.15. The loan will be secured by a blank promissory note together with a promissory note declaration.
1.16. Before signing the contract, the Contractor shall submit to the Contracting Authority for approval the expected loan repayment schedule taking into account all the requirements of the SWZ.