The subject of the contract is to grant and service a long-term PLN loan up to a maximum amount of PLN 10,000,000.00. The loan will be used to finance the planned budget deficit. The Purchaser reserves the right not to use the full amount of the loan without additional fees and charges. The loan will be launched in October 2019 with the possibility of changes. The loan will be used until December 31, 2019. Repayment of capital in Polish zlotys will take place in quarterly installments, i.e. until March 31, June 30, September 30 and December 31 according to the schedule contained in the Specification of Essential Terms of Order. The contracting authority reserves the right to repay more capital earlier than specified in the schedule without additional fees and charges. The Ordering Party reserves the right to extend the repayment period of the principal amount than it results from the schedule without additional commissions and fees. Grace period until September 29, 2020.

The subject of the contract is to grant and service a long-term PLN loan up to a maximum amount of PLN 10,000,000.00.

The loan will be used to finance the planned budget deficit. The Purchaser reserves the right not to use the full amount of the loan without additional fees and charges.

The loan will be launched in October 2019 with the possibility of changes.

The loan will be used until December 31, 2019. Repayment of capital in Polish zlotys will take place in quarterly installments, i.e. until March 31, June 30, September 30 and December 31 according to the schedule contained in the Specification of Essential Terms of Order.

The contracting authority reserves the right to repay more capital earlier than specified in the schedule without additional fees and charges.

The Ordering Party reserves the right to extend the repayment period of the principal amount than it results from the schedule without additional commissions and fees. Grace period until September 29, 2020.

The loan will be repaid from property tax receipts in 2020-2033 and interest in 2019-2033. The loan will be launched on the commune's account and will not be settled with the bank.

The loan repayment will be secured by a blank promissory note together with a promissory note declaration.

Interest on the loan will be repaid quarterly on the last day of the month ending the quarter starting from the quarter in which the loan will be launched.

Interest will be calculated according to the WIBOR 3M interest rate increased by the bank's margin. The bank's margin is binding throughout the entire loan period.

If the Employer fails to use the full amount of the loan, the amount of interest and any bank commission will be based on the value of the loan used.

For the calculation of interest on the loan, the WIBOR 3M rate should be used on January 25, 2019.