Granting and servicing a long-term loan to finance the planned budget deficit of the Municipality in 2024 and repayment of previously taken loans and credits

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4.1. The subject of the contract are services consisting in granting and servicing a long-term loan in the amount of PLN 4 400 000.00 (in words: four million four hundred thousand zlotys 00/100) for the Municipality of Lubochnia to finance the planned budget deficit and repayment of loans and credits previously taken out. 4.2. Specific conditions of the contract, including quality requirements referred to in Art. 2 of the PPL Act: 1) The value of the loan up to the amount of PLN 4 400 000.00 The Ordering Party reserves the right to reduce the amount of the loan granted - the minimum loan amount of PLN 1000 000.00. In the event of a reduction in the amount of the loan, a proportional reduction in the loan installments repaid by the Ordering Party is required. 2) The planned date for taking out the loan - until 30 December 2024. The loan will be launched in at most two tranches. 3) The Contractor is obliged to start the loan no later than within 2 working days from the date of submission of the request by the Ordering Party in writing or by e-mail. 4) The Contractor will not charge commissions or fees for granting and starting the loan. 5) The Ordering Party does not allow the contractor to charge any additional bank fees and commissions on the unused part of the loan. 6) The cost of the loan will consist of interest resulting from the variable interest rate WIBOR 1M and a fixed margin. 7) The loan will be repaid in the years 2025-2041 in monthly installments payable on the last working day of each month, starting from 01.01.2025 to 31.12.2041. 8) The base interest rate will be based on the WIBOR 1M rate plus the Contractor's margin. 9) The Contractor's margin is fixed during the contract period. 10) The WIBOR 1M rate will be set for each accounting period at quotations on the last calendar day preceding the beginning of the accounting period. In the absence of quotations on that date, quotations shall be taken on the last day of quotations in the month preceding the start of the accounting period concerned. 11) The interest rate on the loan is the cost of servicing the loan. 12) The Ordering Party reserves the right to early repayment of all or part of the loan, without the bank collecting the remaining interest and additional fees and commissions related to loan servicing (then the schedule and date of loan repayment will change). 13) Interest for the period from the starting point of credit to the end of the entire loan period will be payable on a monthly basis on the last working day of each month, subject to the month of December of each year where interest is calculated for the entire month but payable until 30 December. Interest for the entire loan period should be calculated using the method based on the actual number of days in individual months. 14) The loan will be secured in the form of a blank promissory note issued by the Ordering Party together with the promissory note declaration. 15) The Ordering Party does not have arrears towards ZUS and US. 16) It is assumed that the countersignature of the Municipal Treasurer will be submitted on the loan documents (credit agreement, blank promissory note, blank promissory note exhibition declaration). 17) The Ordering Party does not use leasing and issuance of debt securities. 18) The Ordering Party did not provide guarantees and sureties. 19) The Contracting Authority does not act as a party in a public-private partnership. 20) Loan repayment in PLN currency. 21) Documents for assessing the credibility of the Borrower's financial capacity are Annex No. 1 to the SWZ

66113000 - Credit granting services