[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Sep 28, 2019.

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  1. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
    ECC Benefactor Builder ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐ Premium Upgrade

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    IGN:
    @_Royal_Vulpes_

    Users Involved in this Contract:
    @_Royal_Vulpes_, @Duumias

    General Purpose of Contract:
    The purpose of this contract is for the contract initiator to offer money to the user involved as a loan that is to be paid back in full and with interest.

    I (the contract initiator) agree to the following terms, and agree that my failure to complete such terms will result in a breach of contract, as outlined in Rule 3:
    I, @_Royal_Vulpes_, agree to lend @Duumias $100,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at 12.5%WPR(Weekly percentage rate). The total amount of $137,500ECD will be due by October 18th, 2019 (11:59 pm US Eastern Time). If I do not meet to the terms of this contract, the contracted will be nullified, and I will accept the punishments deemed necessary by the ECC Staff.

    The other user(s) involved with this contract must agree to the following terms:
    @Duumias requested the approved loan of $100,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at 12.5%WPR(Weekly percentage rate). The total amount of $137,500ECD will be due by October 18th, 2019 (11:59 pm US Eastern Time). @Duumias must make one payment of $47,500 (October 4th), then make payments of $45,000(there are 2 installments in the total of this amount) each week (Dates: October 11th and 18th). Payments must be made at trade chests located at the Austro-Aurora United Bank on the second floor(East building next to /warp Vienna x:71 y:96 z:814) in Main Rising. If any payment is missed weekly, a late fee of $3,000 will be added to each missed payment. If the full payment is not received by the due date, a late fee of $30,000 will be added on. If the full payment is not received(including the late fees) by October 20th, 2019(11:59 pm US Eastern Time), it will result in @Duumias losing ownership of his Mayor town and be given a punishment deemed necessary by ECC Staff.

    I agree that the terms in this contract are subject to all of EcoCityCraft's rules, including the rules listed specifically in this forum. I understand that the contract may be affected by future changes in EcoCityCraft rules and server updates, and I accept that due to the possibility of such changes, this contract may be at my own risk. I understand that the contents of this contract are subject to staff assessment, review and approval before it is a binding contract under EcoCityCraft rules. I accept that action may not be taken in case of a breach of contract if appropriate and sufficient evidence is not provided of such.: Yes, I agree to the terms of this contract.
     
  2. Duumias

    Duumias Builder
    Builder ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐

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    Yes, I agree to the terms of this contract
     
  3. Wheatlife

    Wheatlife ~ The EcoLeader of Wheat ~
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    @Duumias could you please use the following format and re-agree? Thank you! :)

     
  4. Duumias

    Duumias Builder
    Builder ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐

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    IGN:
    Duumias

    I, as another party to this contract, agree to the terms laid out for me to uphold, and understand that failure to complete such terms will result in a breach of contract:
    <Agreement to the terms laid out in the contract post, yes or no.> Yes
     
  5. Wheatlife

    Wheatlife ~ The EcoLeader of Wheat ~
    EcoLeader ⛰️⛰️⛰️ Ex-EcoMaster ⚜️⚜️⚜️⚜️ Premium Upgrade

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    Don't forget to take time-stamped screenshots of all transactions by double-tapping f2! :)

    Contract Approved & Locked!
     
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