The subject of the contract includes granting a long-term bank loan for the Municipality of Lubomia in the amount of: PLN 8,000,000.00, to finance the planned budget deficit: Loan period: 2023 – 2033. Repayment period 9 years, in the years from 2025 to 2033. A detailed description of the subject of the contract can be found in Chapter 4 of the SWZ and in the draft provisions of the contract (Chapter 21 of the SWZ)

1. The scope of the contract includes granting a long-term bank loan for the Municipality of Lubomia in the amount of: PLN 8,000,000.00, to finance the planned budget deficit:

1) loan period: 2023 – 2033;

2) repayment period 9 years, in the years from 2025 to 2033. A detailed repayment schedule of the loan taken is an integral part of this specification (Annex 3a to this SWZ);

3) the loan should be made available to the Ordering Party on the day of signing the contract, in a non-cash form by transfer to the account of the Ordering Party at Bank Spółdzielczy in Gorzyce No. 26 8469 0009 0010 3408 2000 0001, based on the instruction issued by the Ordering Party;

4) the credit transfer order should be executed within 2 business days (the date of crediting the Employer's bank account is decisive);

5) the credit may be transferred to the Principal's account in tranches from the date of signing the contract until 31 December 2023;

6) the loan will be repaid in 108 monthly installments, on the last business day of the month, respectively:

7) The Ordering Party reserves the right not to use the loan in full and will not incur any costs in this respect;

8) The Ordering Party has the right to early repayment of all or part of the loan on the date indicated by it, provided that prior written notification to the Contractor, delivered in person, via e-mail or fax, no later than 3 days before the date of early repayment of all or part of the loan;

9) in the event of early repayment of the loan or part thereof, the Contractor shall recalculate the interest due and within 7 business days shall inform the Contracting Authority in writing about the amount of interest for the current accounting period;

10) in the event of early repayment of the loan, interest will be accrued only until the date of payment of the last installment of the loan and no additional commissions will be charged in this respect;

11) Interest will be paid on the last working day of the month, starting from

the month in which the loan was disbursed (the date of crediting the Contractor's account is decisive);

12) the interest rate on the loan will be based on a variable annual interest rate, consisting of the sum of:

— a fixed margin of the bank during the loan period,

— variable WIBOR rate 1M from the last day of the month;

To determine the interest rate on the loan during the term of the contract, the WIBOR 1M rate from the last day of quotations of the month preceding the month in which the interest rate will apply will be used each time;

13) interest is subject to the amount of the loan actually used, assuming the actual number of days in a month and 365 days in a year. A change in interest rate resulting from the variable WIBOR 1M rate does not constitute a change in the terms of the contract and does not require its termination;

14) the loan will be secured by a blank promissory note issued by the Ordering Party together with a promissory note declaration, which will contain the countersignature of the Treasurer of the Commune. The costs related to the establishment of legal collateral for the loan shall be borne by the Ordering Party;

15) the Contractor shall notify the Contracting Authority in writing of the interest rate in a given month and the amount of interest on the amount of the outstanding loan activated by the 15th of each month, starting from the month following the loan being disbursed;

16) if the WIBOR 1M reference rate referred to is 0.00% or negative, the Contractor shall apply a reference rate of 0.00% to calculate the interest rate on the loan, then the total interest rate on the loan will be equal to the fixed margin offered;

17) in the event of replacing the current WIBOR rate with another indicator, the Ordering Party provides for the conclusion of an annex to the loan agreement.

2. A detailed description of the subject of the contract shall be contained in the SWZ.