The subject of the contract is the granting of a loan in the amount of PLN 6,500,000.00 intended to finance the planned budget deficit of the City of Malbork. The detailed scope of the contract is included in the Terms of Contract Specification

1. The subject of the contract is the granting of a loan in the amount of PLN 6,500,000.00 intended to finance the planned budget deficit of the City of Malbork.

2. The detailed scope of the subject of the contract shall include in particular:

2.1. Deadline for starting credit: by 31.12.2023

2.2. Repayment of capital installments quarterly starting from 31.03.2028 to 30.06.2034 The amount of capital installments: 26 installments of PLN 250,000.00 each. (If the payment deadline falls on a non-working day, the next working day is considered to be met).

2.3. Monthly repayment of interest on the loan (on the last day of the month) starting from the month in which the loan tranche was released. The Bank will inform the Ordering Party about the amount of interest to be paid on the used part of the loan in writing (e.g. e-mail), at least 5 days before the payment date. If the payment deadline falls on a non-working day, the next working day is considered to be met the deadline.

2.4. the Contracting Party reserves the possibility of not using all or part of the intended credit without incurring additional charges.

2.5. The Purchaser has the right to make early repayment of the loan or part thereof without incurring any charges in this respect. In the event of early repayment of part of the loan, the loan period remains unchanged, unless the Ordering Party (Borrower) submits a different instruction in writing.