The subject of the contract are services consisting in granting and servicing a long-term loan in the amount of PLN 6,600,000.00 (in words: six million six hundred thousand zlotys 00/100) for the Municipality of Lubochnia for the purpose of financing the planned budget deficit

4.1. The subject of the contract are services consisting in granting and servicing a long-term loan in the amount of PLN 6,600,000.00 (in words: six million six hundred thousand zlotys 00/100) for the Municipality of Lubochnia intended for financing the planned budget deficit.

1) The Ordering Party reserves the right to reduce the amount of the loan granted. The minimum loan amount is PLN 1,000,000.00. In the event of a reduction in the loan amount, a proportional reduction of the loan installments repaid by the Ordering Party is required.

2) Planned date to take out a loan – until December 30, 2023. The loan will be released in two tranches at most.

3) The Contractor is obliged to activate the loan no later than within 2 business days from the date of submission of the application by the Contracting Authority in writing or by e-mail.

4) The Contractor will not charge commissions or fees for granting and activating the loan.

5) The Contracting Authority does not allow the contractor to charge any additional fees and bank commissions on the unused part of the loan.

6) The cost of the loan will consist of interest resulting from the variable interest rate WIBOR 1M and a fixed margin.

7) The loan will be repaid in the years 2024-2041 in monthly installments payable on the last business day of each month, starting from 01.01.2024 to 31.12.2041.

Detailed requirements for the execution of the contract are set out in the chapter. 4 SWZ