1. The object of the contract is the provision of a long-term loan in the amount of PLN 10,200 000.00 for the financing of the planned budget deficit of the Municipality of Przeworsk in 2021.

2. The credit will be placed at the disposal of the Ordering Party from the next working day after the date of conclusion of the credit agreement until 30 December 2021.

The loan will be launched in tranches upon a written request of the Employer within 3 business days from the date of receipt by the Contractor of the application, submitted by the Employer electronically or in writing - if it is not possible to submit the application electronically.

3. Loan period: from the date of signing the contract until 20 December 2035

A detailed description is contained in the SWZ

1. The object of the contract is the provision of a long-term loan in the amount of PLN 10,200 000.00 for the financing of the planned budget deficit of the Municipality of Przeworsk in 2021.

2. The credit will be placed at the disposal of the Ordering Party from the next working day after the date of conclusion of the credit agreement until 30 December 2021.

The loan will be launched in tranches upon a written request of the Employer within 3 business days from the date of receipt by the Contractor of the application, submitted by the Employer electronically or in writing - if it is not possible to submit the application electronically.

3. Loan period: from the date of signing the contract until 20 December 2035

4. The Contracting Authority reserves the right to:

— non-use of credit in whole or in part,

— early repayment of the loan, without incurring any costs in this respect.

5. The repayment of capital in Polish zlotys will be made in installments according to schedule. Information on the amount of interest the Contractor shall communicate to the Contracting Authority at least 7 working days before the date of repayment, without incriminating the Ordering Party with costs.

Schedule for repayment of loan installments between 2022 and 2035:

Year; term of repayment of loan installment; amount of repayments of loan installments in a given year in PLN:

2022 20.12.2022 100 000.00;

2023 20.12.2023 100 000.00;

2024 20.12.2024 100 000.00;

2025 20.12.2025 100 000.00;

2026 20.12.2026 100 000.00;

2027 20.12.2027 1,000000.00;

2028 20.12.2028 1,000000.00;

2029 20.12.2029 1,000000.00;

2030 20.12.2030 1,000000.00;

2031 20.12.2031 1,000000.00;

2032 20.12.2032 1,000000.00;

2033 20.12.2033 1,000000.00;

2034 20.12.2034 1,000000.00;

2035 20.12.2035 1,700 000.00.

Total: 10,200 000.00.

6. Interest repayment will be monthly, up to the 10th day of the following month for the previous month, according to the bank's information. Interest will be charged on the amount of current debt. The last repayment will be by 20 December 2035.

7. The date of payment of capital installments and interest should be taken on the date of the impact of the receivables on the Contractor Where the deadline for repayment of the loan and interest is on Saturday, Sunday holidays or statutory days, the repayment date shall be retained when payment occurs on the first working day following those days.

8. The above repayment schedule applies to the Contracting Authority taking out a maximum amount of credit, i.e. PLN 10,200 000,00. If the Ordering Party takes out a loan of less than PLN 10,200 000,00, the amount of credit installments will be reduced proportionately.

9. Both the loan amount and the deadlines for placing funds at the disposal of the Employer may be modified, depending on the Employer's needs.

10. The interest rate on the loan will be variable. It will represent the sum of the margin proposed by the Contractor in the offering and the WIBOR 1M rate. The amount of the margin will be fixed throughout the loan period (the term of the contract). The WIBOR 1M rate varies in the monthly calendar cycle and takes the value from the last business day of the month preceding the following period.

11. In case of liquidation of WIBOR 1M, it will, by agreement of the parties, be converted to a rate which will replace the WIBOR 1M rate, or the rate most close to the size and character of WIBOR 1M, without the costs incriminating the Ordering Party.

12. The contractor will charge interest on the amounts of credit actually used. Interest will be calculated for the actual number of days the loan is used, assuming that the year equals the actual number of days 365 or 366, from the day the debt arose from the loan granted up to the day preceding its repayment inclusive.

13. Legal security for repayment of the loan will be a promissory note in blanco.

— The Contracting Authority agrees to the Treasurer's countersign on promissory note, promissory statement and credit agreement.

14. The Contractor shall not charge or collect any commissions or fees.

15. Interest rates outstanding at the date of the loan installments will be accrued at the rate specified for the interest of the mouth...