The subject of the order is a long-term loan of PLN 12,600,000 granted by the Bank for repayment of loans and credits previously drawn.

The loan will be repaid from the Poviat's own revenues in monthly installments according to the schedule specified in the Terms of Reference.

The subject of the order is a long-term loan of PLN 12,600,000 granted by the Bank for repayment of loans and credits previously drawn.

1) The loan will be repaid from the Poviat's own revenues in monthly installments according to the schedule specified in the ToR. In the event that the above-mentioned loan repayment day falls on a non-working day, the principal will be repaid on the business day preceding the non-working day.

2) Credit use - until 30 June 2020.

3) Interest on the loan will be calculated on the assumption that the year has 365 days.

4) The loan will be launched at the request of the Employer. Payment will be made in whole or in part, no later than three days after submission of the written application. (The loan will be discharged to the Purchaser's account in tranches

and the amounts specified each time by the Employer).

5) The Purchaser reserves the right to incomplete use of the loan and change the deadlines for the release of funds without additional fees and commissions. The Purchaser reserves the right to use a smaller loan amount or to cancel

With a loan without any costs. In the case of using a loan in an amount lower than planned, this will not result in the termination of the loan agreement and will not cause any other claims of the Contractor against the Employer. In this situation, the loan repayment installments will be reduced proportionally.

6) The Purchaser reserves the right to repay the loan earlier.

7) In the event of early repayment of part or all of the capital, the Employer shall not be charged additional fees in this respect - interest will be charged only

On actual outstanding debt.

8) The Bank will not charge interest on the amount of unused credit.

9) The Bank will charge interest only on the loan tranches paid

(on the loan amount used).

10) The interest rate on the loan will be determined on an annual basis according to a variable interest rate, based on the WIBOR 1M rate plus the Bank's fixed margin. The change in the interest rate on the loan will be made monthly based on the WIBOR 1M rate from the penultimate day of the month preceding the given month (accounting period).

11) Interest on the loan will be paid monthly - until the last day of the month, where:

a) the first accounting period is counted from the date of the first loan disbursement and ends on the last day of July 2020;

b) subsequent accounting periods are counted from the day following the end of the previous accounting period.

If the last day of the month the interest payment falls on a non-working day, the interest will be repaid on the business day preceding the non-working day.

12) The loan may not be charged with costs other than interest on the loan and any commission. The Purchaser allows the commission to be charged only on the credit granted.

The costs arising from servicing the loan shall be borne by the Purchaser only up to the amount of commission and interest on the activated loan. All activities performed while servicing the loan by the Contractor are free for the Employer.

13) The Contractor's margin and commission amount may not change during the term of the contract.

14) The Awarding Entity does not allow to enter in the contract a provision on granting a power of attorney to dispose of a bank account. Maintenance of additional accounts for servicing the loan will take place without fees and commissions. Issuance of certificates regarding the amount of credit taken and opinions on its servicing will take place without fees and commissions.

15) Credit collateral: blank promissory note together with a promissory note declaration.