1. The subject of the contract is to grant a long-term bank loan in the amount of PLN 7,900,000.00 for the repayment of previously taken loans and credits and to cover the planned budget deficit.
1. The subject of the contract is to grant a long-term bank loan in the amount of PLN 7,900,000.00 for the repayment of previously taken loans and credits and to cover the planned budget deficit.
3. Detailed scope of the order:
3.1. Repayment date: 31 December 2033
3.2. Loan currency: PLN Polish (PLN).
3.3. Loan amount: 7 900 000.00 (in words: seven million nine hundred thousand zlotys, 00/100).
3.4. Grace period for repayment of capital: until 31 December 2023, first instalment of capital on 29 March 2024
3.5. Interest payment: quarterly (on the last business day of the quarter), on the actual debt starting from the quarter in which the loan was launched.
3.6. Repayment of principal: quarterly (on the last working day of the quarter), in subsequent instalments:
1) 29.03.2024 – PLN 197,500.00,
2) 28.06.2024 – PLN 197,500.00,
3) 30.09.2024 – PLN 197,500.00,
4) 31.12.2024 – PLN 197,500.00,
5) 31.03.2025 – PLN 197,500.00,
6) 30.06.2025 – PLN 197,500.00,
7) 30.09.2025 – PLN 197,500.00,
8) 31.12.2025 – PLN 197,500.00,
9) 31.03.2026 – PLN 197,500.00,
10) 30.06.2026 – PLN 197,500.00,
11) 30.09.2026 – PLN 197,500.00,
12) 31.12.2026 – PLN 197,500.00,
13) 31.03.2027 – PLN 197,500.00,
14) 30.06.2027 – PLN 197,500.00,
15) 30.09.2027 – PLN 197,500.00,
16) 31.12.2027 – PLN 197,500.00,
17) 31.03.2028 – PLN 197,500.00,
18) 30.06.2028 – PLN 197,500.00,
19) 29.09.2028 – PLN 197,500.00,
20) 29.12.2028 – PLN 197,500.00,
21) 30.03.2029 – PLN 197,500.00,
22) 29.06.2029 – PLN 197,500.00,
23) 28.09.2029 – PLN 197,500.00,
24) 31.12.2029 – PLN 197,500.00,
25) 29.03.2030 – PLN 197,500.00,
26) 28.06.2030 – PLN 197,500.00,
27) 30.09.2030 – PLN 197,500.00,
28) 31.12.2030 – PLN 197,500.00,
29) 31.03.2031 – PLN 197,500.00,
30) 30.06.2031 – PLN 197,500.00,
31) 30.09.2031 – PLN 197,500.00,
32) 31.12.2031 – PLN 197,500.00,
33) 31.03.2032 – PLN 197,500.00,
34) 30.06.2032 – PLN 197,500.00,
35) 30.09.2032 – PLN 197,500.00,
36) 31.12.2032 – PLN 197,500.00,
37) 31.03.2033 – PLN 197,500.00,
38) 30.06.2033 – PLN 197,500.00,
39) 30.09.2033 – PLN 197,500.00,
40) 30.12.2033 – PLN 197,500.00,
3.7. Base rate of the loan: WIBOR 3M, the interest rate on the loan is WIBOR 3M + m (fixed throughout the loan period, the bank's margin).
3.8. The interest rate will be charged on the funds actually used. Unused appropriations should be available and included in the next tranche, without charging a fee for unused appropriations. Leaving funds at the disposal of the Ordering Party does not constitute a basis for calculating interest.
3.9. The required deadline for the execution of the order (signing the loan agreement) – the maximum deadline for using the funds from the loan – until 31.12.2022. The loan should be activated (transfer to the Ordering Party's account) by the Contractor, no later than 6 days after the Ordering Party submits the request. Servicing the loan will last until its full repayment by the Ordering Party, but not longer than until 31.12.2033.
3.10. Commission on starting the loan: 0 %.
3.11. The Ordering Party reserves the right to use the credit in full without having to incur additional fees.
3.12. The Ordering Party reserves the right to early repayment of part or all of the loan without the need to incur additional fees.
3.13. Loan collateral: blank promissory note with a promissory note declaration.