[Loan] xpurexcorex

Discussion in 'Approved Contracts Archive' started by twistedjonny, Dec 27, 2017.

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  1. twistedjonny

    twistedjonny ECC Investor
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    IGN:
    @twistedjonny

    Users Involved in this Contract:
    @xpurexcorex

    General Purpose of Contract:
    I will give @xpurexcorex a 600,000 eco dollar (ecd) loan, and @xpurexcorex will pay back 750,000 ecd in 8 weeks at a rate of at least $93,750 per week. First payment is due 7 days from the approval of this contract. The remaining 7 payments will be due 7 days after that and then 7 days after that and so on.

    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, @twistedjonny agree to send 600,000 ecd to @xpurexcorex within 24 hours after the contract is approved.

    The other user(s) involved with this contract must agree to the following terms:
    @xpurexcorex agrees to the following terms:
    @xpurexcorex will pay @twistedjonny 750,000 ecd within 8 weeks after having received 600,000 ecd. Payments on the loan will be done through trade sign(s) at /warp twistedcity
    @xpurexcorex agrees that he will have to pay an additional 70k as a late fee if he doesnt pay the $750,000 within 8 weeks of the approval of this contract.


    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.
     
  2. xpurexcorex

    xpurexcorex Daddy Trump
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    IGN:
    @xpurexcorex

    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:
    yes
     
  3. PlatinumPurple

    PlatinumPurple Builder
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    Everything looks fine to me, just make sure to take time-stamped screenshots of all payments!

    Locked- Approved.
     
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