The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 2700000.00 to finance the planned budget deficit in 2023

Credit description:

1) loan period: until 31.08.2035,

2) grace period until 30.12.2024

3) interest repayment: on a quarterly basis (interest calculated on the loan used),

4) interest shall be paid by the 15th day of the month following the calendar quarter - after written notification of the Ordering Party (e-mail or traditional mail) about the amount of interest due at the end of each calendar quarter, and if it is a holiday, Sunday or non-working day, the payment will be made on the first business day after this day,

5) interest accrued until the final repayment date of the loan will be repaid on the final repayment date of the loan, i.e. by 31/08/2035.

6) variable interest rate: WIBOR 1M reference rate (the rate will be updated by the Contractor every month) plus the Contractor's fixed margin,

7) collateral: a blank promissory note of the borrower together with a promissory note declaration (blank promissory note – without the Treasurer's countersignature, promissory note declaration with the Treasurer's countersignature),