The Subject Of The Order Is To Grant The Bor w Commune A Long-Term Loan Up To Pln 1,600,000.00 (In Words: One Million Six Hundred Thousand Zlotys) To Partially Finance The Planned Budget Deficit Of The Bor w Commune. Detailed Description Of The Terms Of Granting The Loan: 1. Loan Currency: Polish Zloty (Pln);2. Granting A Loan In 2023 Up To Pln 1,600,000 In One Tranche By December 27, 2023.3. The Deadline For Making The Loan Available To The Ordering Party Will Be Determined By The Ordering Party Submitting A Written Request For Funds. The Loan Will Be Transferred By The Bank To The Ordering Partys Bank Account Indicated In The Agreement No Later Than The Next Day From The Date Of Submitting The Request For Funds.4. The Ordering Party Will Have The Right Not To Use The Full Loan Amount And The Right To Repay The Loan Earlier Than Specified In The Loan Agreement, Without Additional Costs.5. The Ordering Party Will Not Incur Any Costs For Failure To Use The Full Amount Of The Loan Or For Early Repayment Of The Loan. 6. The Form Of Security For The Loan Will Be A Blank Bill Of Exchange Together With A Bill Of Exchange Declaration.7. The Only Cost Of The Loan Will Be Its Interest Rate, And The Ordering Party Will Not Be Charged With Other Costs Or Additional Commissions For The Loan Granted.8. Loan Interest Rate Calculated According To The Variable Wibor Rate For Three-Month Deposits (Wibor 3M), Applicable On Each First Day Of The Interest Period (Quarter), (Published On The Reuters Online News Service At 11:00 A.M.) Increased By The Banks Fixed Margin Expressed In Percentage Points, Possibly Reduced For A Discount Expressed In Percentage Points. If The First Day Of The Interest Period Is A Public Holiday, The Rate From The Next Business Day Following That Day Applies. If The Contractors Non-Working Day Is A Saturday Which Is Not A Holiday, The Wibor 3M Rate From The Last Business Day Preceding The First Day Of The Interest Period Is Used.9. The Bank Will Inform The Borrower In Writing About The Interest Rate In Each Subsequent Interest Period.10. The Banks Margin Added To The Wibor 3M Rate, Calculated As A Percentage Of The Amount Of The Loan Actually Granted, Covering All Costs Related To The Initiation, Securing Repayment And Servicing Of The Loan, Cannot Be Increased During The Term Of The Loan Agreement.11. The Discount, Possibly Deducted From The 3M Wibor Rate And The Banks Fixed Margin, Cannot Be Reduced During The Term Of The Loan Agreement.12. Interest Due Will Be Charged For Each Day Of Using The Loan, Counting From The Date Of Its Granting. Interest Is Calculated Quarterly And The Borrower Should Be Informed About Their Amounts.13. The Loan Will Be Repaid In Installments And Interest Will Be Calculated On The Loan Balance.14. Interest On The Used Loan Will Be Payable After The End Of The Quarter Within 7 Days From The Date Of Receipt Of The Debit Note (Information) About The Amount Of Accrued Interest, Whereas: 1) The First Accounting Period Will Be Counted From The Date Of Loan Disbursement And Ends On December 31, 2023, 2) Subsequent Quarterly Accounting Periods Are Counted From The Day Following The End Of The Previous Accounting Period,3) The Last Accounting Period Ends On The Day Before The Full Repayment Of The Loan. 15. The Last Installment Of Interest Will Be Payable On The Due Date Of The Last Installment Of The Loan.16. The Date Of Receipt Of The Receivable On The Credit Account Is Deemed To Be The Date Of Interest Repayment. If The Payment Deadline Falls On A Saturday Or A Day Recognized As A Public Holiday, The Interest Shall Be Repaid On The First Business Day Following The Saturday Or Public Holiday.17. Interest For The Entire Loan Period Should Be Calculated Using A Method Based On The Actual Number Of Days In Individual Months And The Actual Number Of Days In A Year, I.E. 365 Or 366.18. Interest On The Loan Will Not Be Capitalized.19. The Loan Installments Will Be Repaid In The Years 2024-2032 In Four Equal Annual Capital Installments: In The Years 2024-2025 In The Amount Of Pln 40,000.00 Per Year (Pln 10,000.00 Quarterly), In The Years 2026-2027 In The Amount Of Pln 120,000.00 Per Year ( Pln 30,000.00 Per Quarter), In The Years 2028-2031 In The Amount Of Pln 260,000.00 Per Year (Pln 65,000.00 Per Quarter), In 2032 In The Amount Of Pln 240,000.00 (Pln 60,000.00 Per Quarter), By March 31, By June 30, By September 30 And By December 31 Of Each Year.20. If The Principal Installment Repayment Deadline Falls On A Saturday Or A Public Holiday, The Last Day Of The Principal Installment Payment Deadline Will Be The First Business Day After The Scheduled Principal Installment Repayment Dates.
