Long-term loan in the amount of PLN 12,500,000.00 for partial financing of the budget deficit planned in the budget of the city of Szczecinek in 2020.

1. The subject of the contract is to grant a long-term loan of PLN 12,500,000.00 to the city of Szczecinek for partial financing of the budget deficit planned in the budget of the city of Szczecinek for 2020, with the following characteristics:

1) loan amount: PLN 12,500,000.00;

2) loan period: from May 2020 to December 31, 2029;

a) a loan launched in tranches until December 31, 2020 based on the Contracting Authority's applications submitted to the bank by December 28, 2020;

b) the loan amount not launched by the end of this year will not be used. The Bank will not charge the Employer with additional costs for not using the entire loan;

c) the Awarding Entity undertakes to take out a loan of at least PLN 10,000,000;

3) the loan will be repaid monthly in the following installments and dates:

a) from January 2021 to November 2029 in 107 equal installments in the amount of PLN 115,740.00 on the date falling on the last day of a given month,

b) December 31, 2029, 1 installment in the amount of PLN 115 820.00;

4) interest will be repaid on a monthly basis from the credit actually used, on the last day of the month;

5) credit servicing costs are:

a) preparation commission;

b) loan interest rate.

The commission will be payable each time on the amount of tranches launched on the day of launching the loan tranche.

The loan interest rate will be variable, determined on the basis of the base rate plus the contractor's margin.

The base rate is set for a period of 1 month and is the WIBOR rate, for 1-month deposits, announced on the 28th or last business day before that date if there is no listing on that day, and applies to interest accrued from the next month .

The contractor's margin is fixed during the loan period (contract duration);

6) the loan repayment security will be a blank promissory note with a promissory note declaration;

7) the bank undertakes to guarantee the early repayment of part or all of the loan without charging the Purchaser with additional costs, after prior notification of the bank by the Purchaser within 7 days of the intention to make such repayment.