The subject of the contract is to take out a long-term loan in the amount of PLN 9,600,000.00 (in words: nine million six hundred thousand zlotys 00/100) in four tranches:
I tranche – 31 July 2023,
Tranche II – 25 September 2023,
tranche III – 20 October 2023,
Tranche IV – 27 December 2023
intended to finance the planned budget deficit of the Contracting Authority for 2023 related to the implementation of investment tasks and to repay previously incurred liabilities.
The subject of the contract is to take out a long-term loan in the amount of PLN 9,600,000.00 (in words: nine million six hundred thousand zlotys 00/100) in four tranches:
I tranche – 31 July 2023,
Tranche II – 25 September 2023,
tranche III – 20 October 2023,
Tranche IV – 27 December 2023
intended to finance the planned budget deficit of the Contracting Authority for 2023 related to the implementation of investment tasks and to repay previously incurred liabilities.
2.1 Conditions for granting credit.
1) Loan period: 12 years and 6 months from signing the contract (from the release of the first tranche to the date of
31 December 2035),
2) First interest installment – September 29, 2023, (grace period for interest payment until 28/09/2023).
3) The first principal and interest installment on 30 September 2027 (grace period for repayment of the loan installment until 29/09/2027), and the last installment on 31 December 2035.
4) The loan will be repaid in 34 quarterly principal installments in the years 2027 – 2035, including:
• in 2027 - 2 quarterly installments of PLN 200,000.00 each,
• in 2028 - 4 quarterly installments of PLN 50,000.00 each,
• in 2029 - 4 quarterly installments of PLN 160,000.00 each,
• in 2030 – 2 quarterly installments of PLN 240,000.00, 2 quarterly installments of PLN 340,000.00,
• in 2031 - 4 quarterly installments of PLN 400,000.00 each,
• in 2032 - 4 quarterly installments of PLN 400,000.00 each,
• in 2033 - 4 quarterly installments of PLN 340,000.00 each,
• in 2034 - 4 quarterly installments of PLN 340,000.00 each,
• in 2035 - 2 quarterly installments of PLN 340,000.00, 2 quarterly installments of PLN 300,000.00.
5) For the calculation of the amount of interest, WIBOR 1M of 22 June 2023 should be used.
6) Interest will be charged and charged only on the loan actually used.
7) The Ordering Party reserves the right to repay the loan early and change the payment schedule, as well as allows the possibility of postponing the loan launch date without additional fees.
8) In the case of repayment of the loan at an earlier date, interest will be calculated until the date of early repayment of the loan, and not until the expiry of the contract. The Ordering Party reserves the right to repay the loan early without additional bank consent and without incurring additional fees.
9) The Purchaser reserves the right not to use the full value of the credit covered by this order without additional fees, commissions or penalties for reducing the amount of the loan.
10) The Ordering Party reserves the right to change the amounts and dates of disbursement of loan tranches at no additional cost, including the transfer of funds not used in a given tranche to the next tranche of the loan.
11) The loan will be transferred to the account of the Ordering Party kept by Bank Pekao S.A.
No 07 1240 6973 1111 0010 8249 8912 in four tranches:
• I tranche in the amount of PLN 4,700,000.00 - planned date of launching the tranche 31 July 2023,
• Tranche II in the amount of PLN 1,860,000.00 - planned date of launching the tranche on September 25, 2023,
• III tranche in the amount of PLN 2,640,000.00 - planned date of launching the tranche
20 October 2023,
• IV tranche in the amount of PLN 400,000.00 - planned date of launching the tranche on December 27
2023 r.
12) The loan will be secured by a blank promissory note together with a promissory note declaration. The Ordering Party does not allow any other additional form of security to be lodged.
13) The Ordering Party agrees to the countersignature of the Treasurer on the credit agreement, promissory note and bill of exchange declaration.
14) The district shall not submit a declaration of submission to enforcement pursuant to Article 777 § 1 point 5 of the Code of Civil Procedure.
15) The Ordering Party reserves the right to change the loan repayment schedule in the event of non-use of the full amount of the loan or early repayment of part of the loan without additional fees.
16) Credit service will relate to the actual amount of credit used.
17) If the loan installment payment deadline expires on a public holiday, the loan will be repaid on the last