1. The subject of the contract is the granting and servicing of a short-term bank loan in the amount of PLN 3,000,000 to cover the temporary budget deficit in 2020 of the Wielopole Skrzyńskie commune.

2. Making the loan available in one tranche on May 11, 2020 in the amount of PLN 3,000,000.00.

3. The interest rate on the loan will be variable and will be determined according to the average WIBOR 1M rate plus a fixed margin during the loan period. The average WIBOR 1M rate will be determined as the monthly arithmetic average of daily rates applicable in the month preceding the period for which interest will be calculated.

4. The loan will be repaid in full by December 31, 2020.

5. For the purposes of calculating the loan price, the WIBOR 1M rate should be adopted according to the quotations as at 29 February 2020 and a fixed margin during the contract period.

6. The deadline for launching the loan tranche may not be longer than 3 days from the day of submitting the payment order.

2.1. The subject of the contract is the granting and servicing of a short-term bank loan in the amount of PLN 3,000,000 to cover the temporary budget deficit in 2020 of the Wielopole Skrzyńskie Commune.

2.1.1. Placing a loan available in one tranche on May 11, 2020 in the amount of PLN 3,000,000.00.

2.1.2. The interest rate on the loan will be variable and will be determined according to the average WIBOR 1M rate plus a fixed margin during the loan period. The average WIBOR 1M rate will be determined as the monthly arithmetic average of daily rates applicable in the month preceding the period for which interest will be calculated.

2.1.3. The interest rate on the loan will be determined on the last business day of each month and will be valid for the entire period of the month following the month in which it was set.

2.1.4. Interest on the loan used will be calculated on a monthly basis and collected on a quarterly basis on the last business day of the month ending the calendar quarter for the period for which the interest was accrued, with the repayment of the last installment of interest taking place together with the loan being repaid, not later than by December 31, 2020

2.1.5. The loan made available by the Bank will be used in the form of transferring the loan to the account specified by the borrower, based on the borrower's instructions at the bank.

2.1.6. The Purchaser reserves the right to use a smaller amount of the loan or resign from the loan, as well as the possibility of early repayment of the loan or its part without incurring any costs (fees, commissions, etc.).

2.1.7. If a smaller loan amount is used, interest will be charged on the used loan amount for the actual period of use.

2.1.8. The loan will be repaid in full by December 31, 2020.

2.1.9. For the purposes of calculating the loan price, the WIBOR 1M rate should be adopted according to the quotations as at 29 February 2020 and a fixed margin during the contract period.

2.2. The deadline for launching the loan tranche may not be longer than 3 days from the day of submitting the payment order.

2.3. The Employer has the right to use the loan in an amount lower than the amount of PLN 3,000,000.00, without incurring additional costs (fees, commissions, etc.).

2.4. The loan will be used until December 31, 2020 ("on demand", i.e. after a written instruction to launch the loan on the Commune's account.

2.5. The loan may not be charged with any other fees than those listed in the ToR.

2.6. All settlements between the Employer and the Contractor will be carried out in Polish currency (PLN).

2.7. The municipality will not submit a declaration of submission to enforcement pursuant to art. 777 parish 1 point 5 of the Code of Civil Procedure

2.8. The Purchaser agrees to the countersignature of the treasurer on the loan agreement, promissory note, promissory note declaration.

2.9. The commune's accounts with banks are not subject to execution classes.

2.10. The municipality does not have any outstanding liabilities at banks.

2.11. There was no rehabilitation program in the commune within the meaning of the Act of 27 August 2009 on public finance.

2.12. There were no debt collection actions instituted at the request of banks in the commune through the court bailiff.

2.13. A real calendar should be used to calculate interest on the loan.

2.14. The contracting authority has not granted sureties and guarantees to other entities.

2.15. The contracting authority does not have any outstanding obligations towards ZUS or Tax Office.

2.16. The Awarding Entity does not have any entities related by capital to the Commune.