The subject of the contract is to grant a loan to the Municipality of Lyski in the amount of PLN 2,060,000.00 to finance the planned deficit of the Commune's budget in 2022 in the amount of PLN 1,385,000.00 and repayment of previously taken loans and advances in the amount of PLN 675,000.00

Description of the subject of the contract: 1) the subject of the contract is to grant a loan to the Municipality of Lyski in the amount of PLN 2,060,000.00 to finance the planned deficit of the Commune's budget in 2022 in the amount of PLN 1,385,000.00 and repayment of previously taken loans and advances in the amount of PLN 675,000.00; 2) interest rate: variable; 3) base rate to determine the interest rate: a) to the offer: at the WIBOR 1M rate of 30.09.2022 + bank margin; b) to the contract: the loan bears interest at the WIBOR 1M rate from the last business day of the month preceding the financial month and the bank's fixed margin. When calculating interest for each subsequent interest period, the contractor applies the WIBOR 1M rate from the last day of the month preceding the accounting month, increased by the contractor's margin. That is, for example, interest from October 1 – WIBOR 1M – September 30. The interest rate shall be changed each first working day of the following month; 4) installments – payable quarterly. 5) repayment of the loan (capital) grace period: granting a loan to the Municipality of Lyski in the amount of PLN 2,060,000.00 to finance the planned deficit of the Commune's budget in 2022 in the amount of PLN 1,385,000.00 and repayment of previously taken loans and advances in the amount of PLN 675,000.00 - until 31.12.2037, including the grace period until 31.12.2031; 6) interest on the loan: repayment of interest in monthly periods payable in the month following the end of the month for which it is accrued, on the basis of a notification sent by the borrower's bank, within 3 days of its receipt. Interest will be calculated on the loan amount actually used. In the case of early repayment of the loan, interest will be calculated for the period of its actual use. For the calculation of interest, it should be assumed that the year has 365 days (in the case of a leap year 366 days) and the month the actual number of days; 7) the amount of the triggered loan will be transferred on the basis of the Ordering Party's letter to the account indicated by the Ordering Party up to 3 days after submitting the letter; the possibility of not taking out a loan or starting a loan in a smaller amount than indicated in the SWZ/ contract and the possibility of starting the loan in tranches should be accepted; the minimum amount that will be launched is PLN 675,000.00. 8) the right to early repayment of the loan without additional commission (costs) is reserved; 9) the loan repayment will be secured by a blank promissory note together with a promissory note declaration on which the treasurer will countersign.