The subject of the contract is to take out a loan in the amount of PLN 6,600,000.00 for 10 years to repay loans taken out in previous years and to finance the planned budget deficit in connection with newly started investments.

1. The subject of the contract is to take out a loan in the amount of PLN 6,600,000.00 for 10 years to repay loans taken out in previous years and to finance the planned budget deficit in connection with newly commenced investments.

2. Description of the item of the order:

a) The loan with interest will be repaid from the income of the Municipality of Raba Wyżna.

b) Settlements between the Contracting Authority and the Contractor shall be made in Polish zlotys [PLN].

c) The loan will be used in two tranches:

1) the first tranche in the amount of PLN 3,300,000.00 transferred to the bank account of the Municipality of Raba Wyżna within 2 weeks of signing the contract;

2) the second tranche in the amount of PLN 3,300,000.00 transferred to the bank account of the Municipality of Raba Wyżna within 6 weeks of signing the contract;

d) The release of each tranche of the loan will take place upon a written request submitted by the Ordering Party, within 5 days from the date of submission of the application (this date will be the criterion for the evaluation of offers).

e) Repayment of principal installments of the loan will take place quarterly in 40 installments, and the installment payment date will take place on the last business day of each quarter, starting from 29/03/2024 to 30/12/2033.

(f) Interest shall be paid quarterly on the last business day of each quarter. Interest on the loan will be calculated on the loan amount actually used. The first interest will be payable on 29.12.2023 and the last on 30.12.2033.

g) The interest rate on the loan during the loan period will be based on the variable WIBOR 3M rate (or - in the event of liquidation of the WIBOR rate - another most similar rate that will replace it by operation of law or as agreed by the parties) and the Contractor's fixed margin.

h) The loan may not be charged with other fees and commissions.

3. The Ordering Party may use a smaller amount of credit, as well as make early repayment of the loan without incurring additional costs. In the event of early repayment of the loan, interest will be calculated for the period of its actual use.

A full description of the subject of the contract can be found in Annex 2 to the SWZ.