Poland – Credit granting services – Zaciągnięcie kredytu długoterminowego na sfinansowanie planowanego deficytu oraz spłatę wcześniej zaciągniętych zobowiązań z tytułu kredytów

The subject of the contract is the provision of a long-term loan in the amount of: 4 390 000,00 PLN for:  Partial financing of a deficit in the amount of 1 750 000,00 PLN,  Repayment of previously incurred liabilities under loans in the amount of 2 640 000,00 PLN.

2. Detailed loan conditions:

1. The loan will be drawn down in tranches or in a single instalment during the period from the date of signing the contract to 31 December 2026.

2. The Purchaser reserves the right to draw down the loan in a lower amount without additional costs.

3. The date of signing the contract will be the date on which the loan is made available to the Purchaser in terms and tranches adapted to the needs of the Purchaser on the basis of written instructions from the Purchaser.

4. The written instruction of the Purchaser will be implemented within a maximum of 3 working days from receipt of the instruction from the Purchaser.

5. The loan will be repaid in instalments in the years 2034-2035, taking into account the repayment schedule required by the Purchaser.

6. Interest on the loan will be calculated on the actually utilised loan amount and will be payable in quarterly periods, on the last working day of the quarter.

7. The interest due is calculated for each day of loan utilisation, starting from the date of its provision. Interest is calculated in quarterly periods and the Lender must inform the Borrower of the amount no later than 5 working days before the interest payment deadline.

8. The date of receipt of the amount due on the loan account is considered the date of interest payment.

9. The cost of loan servicing consists of:  Loan interest rate – variable, reference rate WIBOR 3M, where the rate set for a 3-month period is the average WIBOR 3M rate for all working days of the quarter, effective from the 1st day of the next quarter,  Plus the bank's margin (a fixed amount for the entire loan period).

10. In the event that the reference index takes on negative values, for the purpose of calculating the loan interest rate, the value of the reference index is taken as 0.00% and, consequently, the loan interest rate is calculated at the level of the bank's margin.

11. In the event that a legal event occurs, causing the WIBOR rate to cease to be the sole/appropriate rate as the reference rate for loans (e.g. its publication is discontinued), an annex to the contract containing a clause regulating these circumstances will be prepared, with the agreement of both parties, in order to adapt it to the applicable provisions.

12. Settlement between the Purchaser and the Contractor will be made in Polish zlotys.

13. The loan will be secured by a "blank" bill of exchange with a bill of exchange declaration.

14. The contract and the "blank" bill of exchange together with the bill of exchange declaration will be countersigned by the Municipality Treasurer or a person authorised by him.

15. The bank will not charge any commissions or additional margins for the loan.

16. When calculating interest, it is assumed that the year has 365 days.

17. The Purchaser has the right to make an early full or partial repayment of the loan without prior notification to the Lender and without incurring any charges for this purpose. In the case of an early partial repayment of the loan, the loan period remains unchanged, unless the Borrower submits a different written instruction.

18. In the event of an early partial repayment of the loan, the Borrower must specify the specific loan instalments from the schedule, against which the payment was made.

19. The Purchaser reserves the right to waive all or part of the granted loan without additional fees, commissions and penalties.

20. The Purchaser reserves the right to make an early repayment of the loan without the need to obtain additional bank consent and without incurring costs. Interest will be calculated up to the date of loan repayment and not to the end of the contract.

21. Capitalisation of interest is not permitted.

22. The loan may not be subject to other charges and commissions.

23. The Purchaser will not complete any attachments, tables or forms prepared by the Contractors. However, it will respond in accordance with the Public Procurement Law to any question regarding the SWZ and will provide the information necessary to assess the creditworthiness of the municipality, as well as to prepare and submit an offer.

24. The Purchaser does not allow the possibility of charging any additional fees related to the provision of the subject of the contract.

25. The Purchaser allows for the introduction of any changes to the contract that are beneficial to the Purchaser and result from circumstances that could not have been foreseen at the time of conclusion of the contract or changes that are beneficial to the Purchaser. Changes beneficial to the Purchaser shall be understood to mean the possibility of: a) Early repayment of the loan, b) Changing the loan repayment dates – if the Purchaser anticipates difficulties in meeting the repayment dates specified in the SWZ, c) Changing the loan repayment schedule without incurring additional costs (commissions) from the above. The Contractor will not charge any additional commissions for the above circumstances.

26. At the request of the Purchaser (if such a need arises), the repayment dates of individual loan instalments will be changed with the agreement of both parties in the form of an annex to the contract.

27. The loan will be paid out in tranches notified by the Purchaser to the current account of the Purchaser at Bank Spółdzielczy in Przecław Nr 19 9184 00004 2001 0000 0286 0001.

28. Repayment schedule of the long-term loan planned to be taken out in 2026 a) In 2034 – repayment date:  31.03.2034,  30.06.2034,  30.09.2034  31.12.2034 in equal instalments of 500 000,00 PLN. Total for 2034: 2 000 000,00 PLN. b) In 2035 – repayment date:  31.03.2035 – instalment of 600 000,00 PLN,  30.06.