Poland – Credit granting services – Udzielenie kredytu długoterminowego dla Gminy Miejskiej Głogów w wysokości 29.300.000 zł

3. Specific contract conditions: 3.1. The credit will be drawn down in tranches, the amount and timing of which will be adjusted to the needs of the Purchaser, upon their written request within a maximum of 5 working days from its submission, no later than 31.12.2026. 3.2. Contract performance period - credit period: from the date of signing the contract to 31.12.2041. 3.3. Capital repayment in 60 quarterly instalments, including: - 59 equal quarterly instalments of 488,334.00 PLN each, at the end of each quarter, starting from 31.03.2027 – the last capital instalment of 488,294.00 PLN payable on 31.12.2041. 3.4. Interest repayment in quarterly periods from the actual debt, starting from 31.12.2026. Subsequent interest instalments will be calculated and paid on the last day of each quarter. 3.5. If the date of capital or interest repayment falls on a non-working day, the repayment will be made on the last working day of the quarter. 3.6. Interest rate according to a variable interest rate, which changes according to the following rule: the interest rate consists of the variable WIBOR rate for 3-month interbank deposits in PLN, announced on the 15th day of the month preceding the quarterly interest period, and the bank's fixed margin. In the absence of WIBOR 3M quotations for the 15th, the interest rate calculation will use the corresponding quotations from the previous day on which the WIBOR 3M rate was quoted. 3.7. In the event of the permanent cessation of publication, a significant change, or a loss of representativeness of the reference index [WIBOR] specified in the Agreement, the interest on the Credit will automatically be adjusted to a new base rate indicated in generally applicable legal provisions, recommendations of supervisory authorities, or designated by the index administrator, with the application of appropriate correcting spreads aimed at ensuring economic neutrality for the Parties. The change of the index does not constitute a change of the essential terms of the agreement and does not require the conclusion of an annex. All costs related to the need for technical adjustment of the Credit management to the new reference index shall be borne by the Bank. Any change in the reference index may not lead to an increase in the Bank's margin. 3.8. Other important information regarding the subject of the contract: a) credit security: blank promissory note together with a promissory note declaration. b) The blank promissory note and the promissory note declaration will be countersigned by the Treasurer. c) The Contractor shall guarantee the possibility of prepayment of part or all of the debt under the credit without incurring additional costs, after prior written notification by the Purchaser to the Contractor of the intention to make such a repayment, at least 7 days before the planned early repayment. d) in the event of early repayment of the credit, interest will be calculated for the period of its actual use. e) The Purchaser reserves the right to refrain from using part of the credit without stating the reasons. f) The Purchaser reserves the right to refrain from using the credit in full without incurring any fees for this reason. g) The Bank will not charge a commission for the activation of the credit. h) The Contractor will not charge any other commissions. i) When calculating interest, we assume a year of 365/366 days.