1. The subject of the contract is to grant a long-term loan in the amount of PLN 15,100,000.00 to finance the planned budget deficit of the Przeworsk Commune in 2022.
2. The loan will be placed at the disposal of the Ordering Party from the next business day after the date of conclusion of the loan agreement until 30.12.2022.
The loan will be activated in tranches at the written request of the Ordering Party within 3 working days, counting from the date of receipt by the Contractor of the application, submitted by the Ordering Party electronically or in writing - if it is not possible to submit the application electronically.
3. Loan period: from the date of signing the contract to 20.12.2036.
A detailed description is contained in the SWZ
1. The subject of the contract is to grant a long-term loan in the amount of PLN 15,100,000.00 to finance the planned budget deficit of the Przeworsk Commune in 2022.
2. The loan will be placed at the disposal of the Ordering Party from the next business day after the date of conclusion of the loan agreement until 30.12.2022.
The loan will be activated in tranches at the written request of the Ordering Party within 3 working days, counting from the date of receipt by the Contractor of the application, submitted by the Ordering Party electronically or in writing - if it is not possible to submit the application electronically.
3. Loan period: from the date of signing the contract to 20.12.2036.
4. The Ordering Party reserves the right to:
- non-use of the loan in whole or in part
- early repayment of the loan, without incurring any costs in this respect.
5. Repayment of capital in Polish zlotys will take place in installments according to the schedule. The Contractor shall provide the Ordering Party with information on the amount of interest at least 7 working days before the repayment date, without charging the Ordering Party with costs.
Repayment schedule of loan installments in the years 2023-2036:
Year Loan installment repayment date Amount of loan installment repayments in a given year in PLN
2023 20.12.2023 100 000,00
2024 20.12.2024 100 000,00
2025 20.12.2025 100 000,00
2026 20.12.2026 100 000,00
2027 20.12.2027 1 000 000,00
2028 20.12.2028 1 000 000,00
2029 20.12.2029 1 500 000,00
2030 20.12.2030 1 500 000,00
2031 20.12.2031 1 500 000,00
2032 20.12.2032 1 500 000,00
2033 20.12.2033 1 500 000,00
2034 20.12.2034 1 500 000,00
2035 20.12.2035 1 700 000,00
2036 20.12.2036 2 000 000,00
Total: 15,100,000.00
6. Interest will be repaid monthly, by the 10th day of the following month for the previous month according to the bank's information. Interest will be calculated on the amount of current debt. The last repayment will take place by 20 December 2036.
7. The date of repayment of capital installments and interest should be the date of receipt of receivables on the Contractor's account. In the event that the repayment date of the loan and interest falls on a Saturday, a public holiday Sunday or public holidays, the repayment date is observed when payment is made on the first business day following those days.
8. The above repayment schedule applies to the Ordering Party taking out a loan in the maximum amount, i.e. PLN 15,100,000.00. If the Ordering Party takes out a loan in the amount lower than PLN 15,100,000.00, the amount of loan installments will be proportionally reduced.
9. Both the loan amount and the deadlines for placing funds at the disposal of the Ordering Party may be modified, depending on the needs of the Ordering Party.
10. The interest rate on the loan will be variable. It will be the sum of the margin proposed by the contractor in the offer and the WIBOR 1M rate. The amount of the margin will be fixed throughout the loan period (validity of the contract). The WIBOR 1M rate changes in a monthly calendar cycle and takes the value from the last working day of the month preceding the next period. The amount of the WIBOR 1M rate in the case of negative values is 0.00%.
11. In the event of liquidation of the WIBOR 1M rate, it will be converted, by agreement of the Parties, into a rate that will replace the WIBOR 1M rate, or into a rate as similar in size and nature to the WIBOR 1M rate, without costs charged to the Ordering Party.
12. The Contractor shall charge interest on the amounts of credit actually used. Interest will be calculated for the actual number of days of use of the loan, assuming that the year equals the actual number of days 365 or 366, from the date on which the debt under the loan arose to the day preceding its repayment inclusive.
13. The legal collateral for the repayment of the loan will be a blank promissory note.
- The Ordering Party agrees to the Countersignature of the Treasurer on the promissory note, promissory note declaration and loan agreement
14. The Contractor shall not charge or charge any commissions and fees.