Poland – Credit granting services – Udzielenie kredytu długoterminowego z przeznaczeniem na sfinans. planowan. deficytu budżetu w zw. z realizacją zadania inwest. pn.,,Modernizacja i przebud. istniejącej oczyszczalni ścieków w Maszewie”

The subject of the contract is the service of providing a long-term loan up to 15,000,000.00 PLN for financing the planned budget deficit of the Municipality of Maszewo in connection with the implementation of the investment task entitled "Modernization and reconstruction of the existing wastewater treatment plant in Maszewo". The procedure is conducted in accordance with Resolution No. XXVI/171/2026 of the Municipal Council of Maszewo of 10 June 2026 on the taking out of a long-term loan. Detailed contract conditions: 2.1. Loan period – from the date of signing the contract to 31 December 2036, 2.2. Loan disbursement will be made in tranches in 2027-2028, according to the actual progress of the works and the invoices received from the Contractor - on the basis of the instructions of the Purchaser (sent electronically). The Bank will activate each loan tranche within 3 business days from the date of receipt of the properly submitted instruction of the Purchaser. 2.3. The Purchaser reserves the right not to utilise the entire loan amount made available to it by 30.12.2028, without giving reasons, and the contractor will not charge any fees or commissions for this. In the event of such a situation, an annex will be prepared for the contract. 2.4. In the event of the Bank failing to make the loan available to the Purchaser within the agreed deadlines, the Purchaser reserves the right to compensation for losses incurred on general terms, 2.5. The loan will be utilised in the form of a transfer to the Purchaser's bank account number 81 9375 1054 6800 0231 3000 0020 2.6. Capital repayment grace period: does not apply, with the reservation of the possibility of deferring capital repayment instalments on the terms specified in point 2.17 2.7. Repayment of the capital instalments of the loan will be made in quarterly instalments in accordance with the schedule attached to the loan agreement, starting from the I quarter of 2027, with the final repayment date of 31 December 2036. Interest will be calculated on the actually utilised loan amount and will be payable in quarterly periods from the date of activation of each loan tranche. 2.8. The loan interest rate will be set on the basis of the WIBOR base rate for 1M deposits quoted two business days before the start of the interest period, increased by the Bank's fixed margin. In the event of the WIBOR rate being discontinued, a substitute index specified in accordance with the applicable legal provisions or recommendations of the competent authorities will be used. 2.9. Bank margin - fixed for the entire loan period, covers all fees, commissions and other costs as well as bank benefits. The above costs are the total value of the contract. The Purchaser does not allow the introduction into the contract of any other loan servicing costs than those mentioned. The loan may not be burdened with any fees other than those mentioned in the SWZ. 2.10. Interest will be calculated on the basis of the actual loan balance according to the formula: interest = loan balance x total interest rate x actual number of days in the accounting period / 365 or 366 days in the year. 2.11. The Purchaser reserves the right to change the loan repayment schedule and to make early repayment of the loan or deferral of the loan instalment other than that specified in the contract without incurring additional costs, the above changes will be introduced into the contract in the form of an annex. The Bank will not charge commissions, fees or compensation for early partial or full repayment of the loan. 2.12. The Purchaser reserves the right to change the repayment dates and amounts (this does not apply to early repayment) on the basis of a notification to the borrower submitted no later than 7 business days before the loan repayment date/loan instalment. Changes within the above scope are made in the form of an annex to the contract. 2.13. The change in the loan interest rate will take place on the first day following the end of the interest period, the lender will inform the borrower in writing of the interest rate and the interest instalment amount 7 days before the payment date. The information may be sent electronically to the e-mail address indicated by the Purchaser. 2.14. The Purchaser does not incur any additional costs related to loan servicing. 2.15. Method of loan security – blank promissory note together with a promissory note declaration issued by the Purchaser, with the countersignature of the Municipality's Treasurer on the promissory note declaration. 2.16. The Purchaser allows the inclusion in the loan agreement of the provision "In the event that the sum of the WIBOR 1M base rate and the Bank's margin, referred to in point 2.9, is equal to or less than 0 (zero), the parties to the agreement agree that a rate of 0.00% (zero percent) may be applied to calculate the loan interest rate", 2.17. During the loan period, a one-time deferral of the capital repayment date for a period of 12 months is permitted. Any deferral of capital repayment instalments will not extend the loan period. 2.18. The Purchaser does not submit a declaration of submission to enforcement proceedings under Article 777(1)(5) of the Civil Code. 2.19. There are no enforcement attachments on the Purchaser's accounts in banks. 2.20. The Purchaser has not been and is not in restructuring with other banks. 2.21. The Purchaser does not have outstanding liabilities to ZUS and US. 2.22. The Purchaser is not conducting a restructuring programme and does not intend to implement it in accordance with the Act of 27 August 2009 on Public Finance. 2.23. No enforcement actions have been conducted on the Purchaser through a court bailiff at the request of banks. 2.24. The source of loan repayment along with the interest due will be the Municipality of Maszewo's own revenues in accordance with the resolution of the Municipal Council and the Multi-Year Financial Forecast.