The subject of the contract is: Granting the Municipality of Zblewo a bank loan in the amount of PLN 4,926,050 to cover the planned deficit.
The subject of the contract is specified in detail in the description of the subject of the contract and in the PPU (Draft Provisions of the Agreement), constituting annexes to the SWZ. The Contractor shall grant the Ordering Party a loan in Polish currency in the amount of PLN 4,926,050 (in words: four million nine hundred twenty-six thousand fifty zlotys) on the terms specified in the loan agreement. The contracting authority will allocate funds from the loan to repay liabilities resulting from loans taken out in 2022 and to cover the planned deficit in accordance with Article 89(1)(2) and (3) of the Act of 27 August 2009 on public finances (i.e. - Journal of Laws of 2021, item 305, as amended). The loan will be granted for the period from the date of conclusion of the contract to 31.12.2037.
4. The Contractor shall open a credit account on the day of conclusion of the loan agreement at the latest
And it will run for free during its validity.
5. The Contractor shall open a sub-account or an account dedicated to servicing the credit account at the latest on the date of conclusion of the contract and will maintain it free of charge during the implementation of this loan agreement.
6. The Contractor shall place at the disposal of the Employer the loan funds on the day of signing the contract.
7. The Contractor shall launch all loan installments in accordance with the Employer's instructions without charging a commission on the unused part of the loan.
8. The Contractor will mobilize the loan in the amount and time limits specified by the Employer in the instructions submitted to the Contractor, without submitting a separate loan application to be considered.
9. The deadline for the use of the loan expires on 31.12.2022.
10. The Awarding Entity will have the right to submit a written statement of resignation from further use of the loan.
11. The loan will be used in Polish currency.
12. The amount of credit used will be interest-bearing on an annual basis, according to a variable interest rate.
13. The interest rate referred to in item 12 will be equal to the base rate plus a Contractor's fixed margin, determined on the basis of the offer.
14. The Employer's liabilities due to interest on the loan will be regulated in monthly accounting periods as the sum of the variable WIBOR base rate for PLN 1-month deposits on the interbank market, from the last quotation in the month preceding the month for which interest will be calculated, plus a fixed Contractor's margin determined on the basis of the offer.
15. Interest will be calculated on the basis of 365 days a year, with the month being the number of calendar days in a given month, and each day for 1/365 part of the year.
16. The amount of the base rate (WIBOR 1 M) constituting the basis for calculating the interest rate on a loan in a given month and the amount of interest accrued for a given month shall be notified to the Employer in writing by the Contractor by the 20th day of that month.
17. The Contractor's margin is fixed during the contractual loan period.
18. Interest on the credit used shall be calculated on a monthly accounting basis, according to the actual number of days of the calendar month, and shall be payable by the last working day of each subsequent month for which it is accrued, whereby:
(a) the first accounting period shall be calculated from the date of payment of the first tranche of the loan and shall end thereafter
on the last day of the calendar month,
b) the last accounting period ends on the day preceding the full repayment of the loan.
18. For each accounting period forming part of the contractual credit period, the borrowing rate shall be fixed.
19. The Ordering Party has the right to early repayment of all or part of the loan
within the period indicated by him, subject to prior written notification to the Contractor, which will be delivered in person or via e-mail no later than 7 days before the date of early repayment of all or part of the loan.
The remaining part of the description is Annex 4 to swz.