The subject of the contract is the granting of a long-term loan in the amount of PLN 5,860,000.00 (in words: five million eight hundred sixty thousand zlotys 00/100) to finance the planned deficit of the municipal budget for property expenses and for the repayment of previously taken loans.

The subject of the contract is the granting of a long-term loan in the amount of PLN 5,860,000.00 (in words: five million eight hundred sixty thousand zlotys 00/100) to finance the planned deficit of the municipal budget for property expenses and for the repayment of previously taken loans.

1) Loan amount PLN 5,860,000.00.

2) PLN loan with a variable interest rate.

3) Loan period: from the date of starting the loan until 31.12.2040.

4) Security: blank promissory note together with a promissory note declaration.

5) Activation of the loan from the date of signing the contract according to payment orders as payment needs arise until 31.12.2023.

6) The loan tranches will be transferred to the account of the Ordering Party (basic budget of the Municipality) kept by Bank Spółdzielczy w Kożuchowie (Bank Spółdzielczy w Kożuchowie) number: 27 96730007 0000 0000 1007 0111 Bank Spółdzielczy Kożuchów

7) Interest installment payable on a monthly basis – the first installment falls on 31/01/2024.

8) Repayment of principal and interest in accordance with the repayment schedule constituting Annex 1 to the Terms of Reference

9) The Contractor shall not charge commission: on the loan granted, on early repayment of the loan and other commissions applied by the Contractor related to servicing the loan and other fees.

10) The Contractor will not charge any preparation commission.

11) It is possible not to use the full amount of the loan without incurring any costs.

12) Grace period for repayment of principal and interest until 31.01.2024.

13) The amount of interest shall be determined each time in the notification sent by the Contractor.

(14) If the principal and interest are due on a non-working day, payment shall be made on the last working day of the month in question.

15) Interest will be charged on the credit actually used.

16) For the purpose of the loan agreement and the calculation of the offer price, the actual calendar shall be used.

17) The interest rate on the loan will be expressed as the sum of the WIBOR 1M rate and the Bank's margin, with WIBOR 1M being the variable rate for each interest period. The interest rate will change on a monthly basis on the first business day of each calendar month based on the WIBOR 1M rate in force on the last business day of the previous calendar month. The Bank's margin will be a fixed amount expressed as a percentage per year and will apply throughout the loan period.