The subject of the contract is to grant a long-term loan in the amount of PLN 5,400,000 for repayment of previously drawn loans in the amount of PLN 1,200,000 and to finance the planned budget deficit in the amount of PLN 4,200,000.

The subject of the contract is to grant a long-term loan in the amount of PLN 5,400,000 for repayment of previously drawn loans in the amount of PLN 1,200,000 and to finance the planned budget deficit in the amount of PLN 4,200,000.

1) The Contractor shall grant the Employer a loan in Polish currency in the amount of PLN 5,400,000.

2) Loan release date: May to December 2020.

3) Loan payment tranches will be launched upon a written request of the Employer within 1 to 5 business days in the amount indicated in the application.

4) The loan will be granted for the period from the date of signing the loan agreement to the date of repayment of the last capital installment, i.e. until December 31, 2030.

5) Repayment of the loan in the amount of PLN 5,400,000 will be made in quarterly capital installments in the years 2022–2030. Installments payable on the last working day of each quarter.

The amount of capital installments in the years 2022–2030:

- 24 installments of PLN 100,000 in the years 2022–2027,

- 12 installments of PLN 225,000 in the years 2028–2030.

6) The loan interest rate is the sum of the 3M WIBOR rate calculated as an arithmetic average from the first to the last day of the month preceding the month in which the payment will be made from the first day of the following month and a constant margin during the contract.

7) Accrued interest on the used credit will be payable on the last working day of each month.

8) The possibility of early repayment of the loan without additional fees and commissions, and interest will be calculated only on the amount of current outstanding debt.

9) Contractor's margin during the contractual loan period.

10) The contractor should include all costs of the loan in the offer price - the bank will not charge any other commission and fees related to the performance of the loan agreement, including fees for any banking activities related to servicing the loan.

11) The loan repayment security will be a blank promissory note together with a promissory note declaration.

12) The countersignature of the Treasurer of the Dzierzgoń Commune will be placed on the bill of exchange and bill of exchange declaration.