1. The subject of the contract is the granting and servicing of a long-term loan intended to finance an investment carried out in the area of the Szczekociny Commune entitled: Reconstruction of municipal roads in Goleniowy, Rokitno and Szczekociny. 2. Scope of the contract: 1) under the basic contract (guaranteed part): Taking out a long-term loan in the amount of PLN 2,660,000.00 (in words: two million six hundred and sixty thousand zlotys) to finance the investment entitled Reconstruction of municipal roads in Goleniowy, Rokitno and Szczekociny. 2) in the context of a right-of-option contract (the right-of-option part): Taking out a long-term loan in the maximum amount of PLN 2,640,000.00 (in words: two million six hundred and forty thousand zlotys). Information on option (a) The Employer provides for the possibility of exercising the option referred to in Article 441 sec. 1 of the PPL Act, to the extent described in this point of the FTZ, by 31.12.2025, b) the exercise of the option right takes place at the request of the Ordering Party, but the Ordering Party is not obliged to use the full amount specified under the option, c) the principle of exercising the option right: - the option right is exercised by submitting a written application (credit drawdown disposition), constituting a declaration of intent to mobilise additional credit funds, - applications may be submitted repeatedly, whereby the sum of the amounts resulting from all applications submitted may not exceed the maximum value of the credit specified under the option right, - the loan funds under the option will be paid out not earlier than after the Contracting Authority has established the required credit securities, - in the absence of security, the Contractor is entitled to suspend the payment of funds until the Contracting Authority meets this condition, (d) the provisions of the contract relating to the subject of the contract covered by the basic contract (guaranteed part) apply mutatis mutandis to the subject of the contract covered by the option right (part covered by the option right), (e) the exercise of the option right is not mandatory. Failure by the Ordering Party to exercise the option does not require giving reasons and does not give rise to liability for damages on the part of the Ordering Party or constitute non-performance of the contract, f) the right of option expires after the expiry of the period specified in paragraph. 2(2)(a) of this Chapter of the EMS or after the full amount of the option has been used. 3) The loan will be repaid in installments taking into account the loan repayment schedule required by the Ordering Party. Form of repayment (guaranteed part): In 2026-2031, for the total amount borrowed under the basic guaranteed contract. The Ordering Party reserves the right to make early repayment of capital installments of the loan, without incurring additional costs. The Ordering Party reserves the right to make a later repayment of part of the capital installments in a situation where the debt ratios prevent the full repayment of the planned amount of capital within the contractual period. The Ordering Party allows for the possibility of changes in the loan repayment schedule resulting in the introduction of an annex to the loan agreement. 4) Interest on the Loan will be charged for each day of using the loan, starting from the date of starting the loan in the monthly system (charged for each full month and in the month of taking out the loan and final repayment of the loan for the actual number of interest days). The interest payment on the loan will be regulated at the 1-month WIBOR interest rate and the bank's fixed margin. The date on which the receivables are credited shall be taken to be the date on which the interest is repaid. If the due date falls on a day declared non-working by law, the interest payment shall be due on the first working day following the public holiday. 5) The loan may not be charged with fees other than those listed in the FTZ. 6) Credit servicing costs: Loan interest rate – variable, is determined on the basis of the WIBOR 1M rate, calculated for a given month as the arithmetic average of the total quotations from the previous month, increased by the bank's margin, the value of which will remain unchanged throughout the loan period. 7) In the event of liquidation of the WIBOR 1M rate, it will be changed, by agreement of the parties, to a rate that will replace the WIBOR 1M rate or the rate most similar in size and nature to the WIBOR 1M rate without chargeable costs for the ordering party. 8) Loan currency – settlement between the Ordering Party and the Contractor will be made in Polish zlotys /PLN/. 9) The loan will be secured by a blank promissory note (with a promissory note declaration). 10) Capitalization of interest is unacceptable. The description of the subject of the contract includes Annex 1 to the FTZ and a model contract constituting Annex 2 to the FTZ.
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