4.1. The subject of the contract is to grant a long-term loan in the amount of PLN 4,500,000.00 to finance the planned deficit and repayment of previously incurred liabilities under loans and credits.

1. The subject of the contract is the granting of a long-term loan in the amount of PLN 4,500,000.00 to finance the planned deficit and repayment of previously incurred liabilities under loans and credits.

2. The period of using the loan until 31.12.2023 in full.

3. The loan will be used in accordance with the Ordinance of the Head of the Biszcza Commune No. 30/2023 of April 24, 2023.

4. The loan shall be transferred in tranches at the request of the Contracting Authority to its account kept in the bank selected to service the municipal budget.

5. Grace period for loan repayment until 25/01/2025

6. Loan period from the date of conclusion of the agreement until 25.10.2034

7. Repayment of monthly interest starting from the first month in which the loan tranche was used.

8. The base interest rate will be based on the 3M WIBOR rate as at 28.04.2023 (i.e. 6.90%) increased by the bank's margins.

9. In order to calculate the offer price, 01.08.2023 should be taken as the loan payment date.

10. The Ordering Party reserves the right to resign from using part of the credit at no additional cost or charge.

11. The Contractor's margin is fixed during the contract period.

12. The Ordering Party reserves the right to repay the loan early without additional costs and fees.

13. The principal will be repaid in 38 quarterly installments by 25 January, 25 April, 25 July and 25 October each year in the years 2025 – 2034 according to the following schedule:

1) January – December 2025 – 2 installments (25.01.2025 and 25.04.2025) in the amount of PLN 50,000.00 each;

2) January 2026 – December 2029 – 16 installments in the amount of PLN 50,000.00;

3) January 2030 – December 2031 – 8 installments in the amount of PLN 100,000.00 each;

4) January 2032 – December 2032 – 4 installments in the amount of PLN 150,000.00 each;

5) January 2033 – December 2033 – 4 installments in the amount of PLN 300,000.00;

6) January 2034 – October 2034 – 4 installments in the amount of PLN 250,000.00 each;

14. The interest rate and the commission for granting the loan are the costs of servicing the loan. The commission for granting the loan will be charged with each tranche launched.

15. The Contractor shall charge interest on the amounts of credit actually used. Interest will be calculated for the actual number of days of using the loan, assuming that the year has 365/366 days, from the date of indebtedness arising under the loan granted to the day preceding its repayment inclusive.

16. The date of debiting the Lender's account should be taken as repayment of interest on principal installments, If the payment deadline falls on a public holiday, interest and credit shall be repaid on the first business day following the public holiday.

17. The form of loan security is a blank promissory note together with a promissory note declaration for the amount corresponding to the amount of debt under the loan used together with interest and other costs of the Contractor.

The contract, the blank promissory note together with the promissory note declaration will be countersigned by the Treasurer.

18. The Ordering Party has no arrears with the Social Insurance Institution and the Tax Office.

19. The Ordering Party does not use leasing or issue of debt securities.

20. Budget reports and resolutions are available on the website of the Public Information Bulletin.

21. Currency PLN.