The subject of the contract is the service of granting a long-term loan in the amount of PLN 6,000,000.00 (say: six million zlotys), intended to cover the budget deficit of the Employer planned for 2019 and repayment of previously incurred liabilities due to loans and borrowings. The loan will be made available at the time indicated by the Contractor in Annex 1 to the ToR by December 31, 2019. The loan will be used through payment instructions for the implementation of the financed project on the basis of a written instruction provided to the lender before the loan is released. Date of disbursement of the loan in order to calculate the offer price: 10.7.2019. The loan will be repaid on the last business day of the month from 30.6.2025 to 31.7.2030 with a grace period for loan repayment until 29.6.2025. loan installments will take place from 30.06.2025. in monthly installments set in the loan repayment schedule.

The subject of the contract is the service of granting a long-term loan in the amount of PLN 6,000,000.00 (say: six million zlotys), intended to cover the budget deficit of the Employer planned for 2019 and repayment of previously incurred liabilities due to loans and borrowings.

Credit deadline.

1. The loan will be made available at the time indicated by the Contractor in Annex 1 to the ToR by December 31, 2019.

2. The loan will be used through payment instructions for the implementation of the financed project on the basis of a written instruction provided to the lender before the loan is released.

3. Date of disbursement of the loan to calculate the offer price: 10.7.2019.

Loan repayment period. The loan will be repaid on the last business day of the month from 30.6.2025 to 31.7.2030 with a grace period for repayment of the loan until June 29, 2025. Repayment installments will be made from 30.6.2025 in monthly installments determined in loan repayment schedule (Annex 6 to the ToR). Installments payable on the last business day of each month.

Interest. Payment of interest liabilities - according to WIBOR 3 M rate, possibly increased by the bank's margin, on a monthly basis, from the actual amount of the contracted liability. When calculating interest, it is assumed that the year has 365 days, and the month and quarter the actual number of calendar days. The interest rate on the loan during the loan period will be based on the variable WIBOR 3 M rate being the arithmetic average of all quotations in the calendar quarter (excluding non-working days) and applicable from the 1st calendar day of the next quarter.

Guarantee by the Contractor for the Employer - depending on the will of the Employer:

1. the acceptance of an early repayment of part or all of the loan, after prior notification to the Contractor of the intention to repay it within 5 days before its implementation, without incurring costs of its servicing for the period from the repayment date to the planned repayment date,

2. a lower tranche than that specified,

3. informing in writing or by fax to the numbers indicated by the Employer about the amount of interest at the latest on the day preceding their repayment. Lack of the above information results in not charging interest to the Ordering Party for delays,

4. the parties allow the possibility of extending the loan repayment until 31.12.2030. In this case, the Employer shall notify the Contractor in writing before 31.7.2030 about the extension period of the loan repayment together with the amendment to the Mayor's Order No. 44/19 of 9.5.2019,

5. changing the loan repayment schedule and installments at the request of the Employer.

Bank commissions and fees

1. commission for readiness to pay the loan tranche - zero,

2. commission for early repayment of part or all of the loan - zero,

3. commission on the unused loan tranche - zero,

4. commission on changing the repayment schedule and changing the installments - zero,

5. commission on extending the loan repayment period - zero.

Credit repayment collateral. A blank promissory note together with a promissory note declaration with the countersignature of the Ordering Party's treasurer up to the amount of the debt. The bill of exchange along with the promissory note declaration is prepared by the Contractor.