The subject of the contract is the service of granting the Municipality of Zgorzelec a long-term loan to repay previously incurred liabilities under loans and to finance the planned deficit of the municipality in the amount of PLN 5,000,000.00. The Contractor shall grant the Contracting Authority a loan in the Polish currency, - in the amount of up to PLN 5,000,000.00 (in words: five million zlotys and 00/100) under the conditions specified in the SWZ.

The Contractor shall grant the contracting authority a loan in the Polish currency in the amount of up to PLN 5,000,000.00 (in words: five million zlotys and 00/100) under the conditions specified in this SWZ. Planned release dates of individual tranches of the loan: by August 10, 2023 - PLN 2,000,000.00, by September 20, 2023 - PLN 1,500,000.00, by October 20, 2023 - PLN 500,000.00, until November 20, 2023 - PLN 500,000.00, until December 20, 2023- PLN 500,000.00.

The contracting authority will allocate funds from the loan to finance the repayment of previously incurred liabilities under loans and to finance the planned deficit of the municipal budget in 2023, in accordance with Article 89 paragraph 1 points 2 and 3 of the Act of 27 August 2009 on public finances (i.e. Journal of Laws of 2022, item 1634, as amended).

The loan will be granted for the period from the date of conclusion of the contract until June 30, 2029. The final date for using the loan is December 20, 2023.

The Contractor shall open a credit account at the latest on the day of conclusion of the contract and shall maintain it free of charge during the performance of this loan agreement.

The Contractor shall release all tranches of the loan in accordance with the instructions of the contracting authority without charging a commission on the unused part of the loan. The contractor will release the loan funds in accordance with the instructions of the contracting authority – without submitting a separate loan application subject to consideration.

The ordering party will have the right to submit a written statement of resignation from further use of the loan.

The loan will be used in the Polish currency.

The amount of credit used will bear interest on an annual basis at a variable interest rate.

The interest rate will be equal to the WIBOR base rate for the 3-month period in force in the period for which interest is calculated increased by a fixed margin of the contractor, determined on the basis of the submitted offer.

The WIBOR base rate for the 3-month period is determined as the average rate over the period of one month and published at the end of each period by the bank.

The published rate is valid from the first day starting the next period, i.e. the first day of the month, to the last day of the period, i.e. the last day of the month.

Interest on the loan will be calculated on a monthly basis and payable on a monthly basis until the 10th or 20th of each month for the previous month, based on a notification sent by the bank.

For the purpose of calculating the price, the loan should be launched on August 10, 2023.

When calculating interest, it is assumed that the month has the actual number of calendar days, and the year the actual number of days in the year, i.e. 365 or 366 days.

The contracting authority will be notified in writing by the contractor of the amount of the base rate (WIBOR 3M) constituting the basis for calculating the interest rate on the loan in a given month and the amount of interest accrued for a given month by the contractor by the 20th day of that month.

The contractor's margin is fixed during the contractual loan period.

The Ordering Party reserves the right to change the content of the contract in terms of the dates of the repayment schedule of capital installments and their amount without charging commission.

The Ordering Party does not incur other additional costs related to servicing the loan.

In addition, the contracting authority informs that:

1. On the blank promissory note and the bill of exchange declaration, the treasurer countersigned

2. Provides for the signing of a declaration of submission to enforcement with the countersignature of the treasurer

3. He has no arrears with the social insurance institution and the tax office

Other important provisions that will be introduced into the agreement:

1. Loan security - blank promissory note together with a promissory note declaration.

2. Possibility of early repayment of the loan at no additional cost.

3. Charging interest on the credit actually used.

4. The loan is granted in Polish zlotys.

5. Loan repayment schedule: specified in the SWZ.