1) the subject of the contract is to grant a loan to the Municipality of Lyski in the amount of PLN 6,400,000.00 to finance the budget deficit of the Municipality in the amount of PLN 5,902,595.64 and to repay previously contracted loans and advances in the amount of PLN 497,404.36;

2) interest rate: variable;

3) base rate to determine the interest rate:

a) to the offer: according to the WIBOR 1M rate as of 31.10.2023 + the bank's margin (in the event of statutory liquidation of WIBOR, it will be the ratio indicated by the legislator);

c.d. in section II.2.4)

b) to the agreement: the loan bears interest at the WIBOR 1M rate as of the last business day of the month preceding the accounting 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. So, for example, interest from 1 November – WIBOR 1M – 31 October. The interest rate changes every first business day of the following month;

4) installments – payable quarterly.

5) loan repayment period until 31.12.2041, including 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 calculated, on the basis of a notice sent by the borrower's bank, within 3 days of its receipt. Interest will be calculated on the amount of the loan actually used. In the case of early repayment of the loan, the interest will be calculated for the period of its actual use. To calculate interest, it should be assumed that the year has 365 days (in the case of a leap year, 366 days) and the month has the actual number of days;

7) the amount of the disbursed credit will be transferred on the basis of the Contracting Authority's letter to the account indicated by the Ordering Party within 3 days after the submission of the letter; it should be assumed that the loan should not be taken out or that the loan will be disbursed in a smaller amount than indicated in the Terms of Reference/agreement and the possibility of disbursing the loan in tranches; The minimum amount to be released is PLN 497,404.36.

8) the right to early repayment of the loan without additional commission (costs) is reserved; The repayment of the loan will be secured by a blank promissory note together with a promissory note declaration, on which the treasurer will countersign;

9) in order to compare the submitted offers, the date of 30.12.2023 should be used as the latest date of using the credit by the Contracting Authority;

10) repayment of the principal if the repayment date falls on a public holiday will take place on the last business day;

4. The Contracting Authority's bank accounts are not subject to seizures.