The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 10,700,000.00 for the Municipality of Luzino, which will be intended for:

1) in the amount of PLN 6,224,432.00 to finance the planned deficit of the municipal budget,

2) in the amount of PLN 4,475,568.00 for repayment of liabilities resulting from settlements of loans and advances incurred in previous years,

- the servicing of the loan should be understood activities related to the servicing of capital installments and interest on the credit.

2. The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 10,700,000.00 for the Municipality of Luzino, which will be intended for:

1) in the amount of PLN 6,224,432.00 to finance the planned deficit of the municipal budget,

2) in the amount of PLN 4,475,568.00 for repayment of liabilities resulting from settlements of loans and advances incurred in previous years,

- the servicing of the loan should be understood activities related to the servicing of capital installments and interest on the credit.

3. Conditions, scope and quality requirements relating to at least the main elements constituting the subject of the contract, which at the same time form part of the proposed contractual provisions:

1) the provision of credit in the Polish currency (PLN),

2) the activation of the credit will take place on a one-off basis, without an additional request, or the disposal of the Contracting Authority, i.e. in 1 tranche, within a period of not more than 3 working days from the date of conclusion of the contract,

3) the first capital installment payable on 31.03.2027, the grace period for repayment of capital installments until 30.03.2027,

4) repayment period: from 31.03.2027 to 31.12.2037,

5) the first interest installment payable on 31.12.2023, the grace period for repayment of interest installments until 30.12.2023; – repayment of interest installments will take place on a quarterly basis, on the last day of a given quarter – after a grace period in repayment of capital installments, interest will be repaid together with the repayment of the loan, at the end of the last day of the quarter, taking into account the provisions of point 9 of this paragraph,

6) repayment of capital installments – quarterly, in accordance with the statement constituting the repayment schedule referred to in Chapter IV, paragraph 3, point 6 of the SWZ,

7) the loan interest rate will be set at an annual ratio at a variable interest rate based on the rate - average WIBOR one-month (WIBOR 1M), the previous month plus fixed (during the term of the contract) the bank margin offered; - the new WIBOR 1M rate will be determined on the basis of WIBOR 1M counted as arithmetic mean of the month preceding the interest period and to be valid from the first day of the following month; - the arithmetic average of WIBOR 1M rates shall be calculated as the sum of WIBOR 1M rates quoted in the month preceding the period billing, and where the WIBOR 1M rate has not been established on a given date, the WIBOR 1M rate of the day prior to the date on which the last quotation of the rate was conducted, divided by the number of days of the month,

8) interest will be accrued on the funds of the loan actually used, i.e. on the amount of the actual debt; - the Contractor will not charge fees and bank commission on the commitment of the loan, on the balance of the unused part of the loan,

9) the calculation of interest shall be based on the actual number of calendar days in the year and individual months,

10) the offer price should be calculated in accordance with paragraph 3 point 7 of this chapter, the last day of each quarter will be appropriate, indicated in the statement (repayment schedule) described in paragraph 3 point 6 of this chapter; - whether it is a non-working day or a working day,

11) The Ordering Party provides for the possibility of securing the repayment of the loan in the form of a promissory note, together with a statement of note and a countersign of the Treasurer of the Municipality - the Contracting Authority does not agree to sign a declaration of execution,

12) the use of the credit will occur by transferring funds to the account of the Municipal Office of Luzino, which is the executive body of the Contracting Authority; - the number of the bank account to which funds must be transferred from the running credit, the Contracting Authority shall indicate to the Contractor whose offer will be selected as the most advantageous in the tendering procedure and a contract will be concluded,

13) it is possible not to use the full amount of the loan without incurring any costs,

- the remaining description of the order is set out in Chapters IV, XIX, XXII SWZ.