[Contract] $600,000 Loan

Discussion in 'Approved Contracts Archive' started by Obblebobble, Feb 6, 2016.

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  1. Obblebobble

    Obblebobble Vault of ECC - Founder
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    IGN:
    @obblebobble

    Users Involved in this Contract:
    @RaginDevonian
    General Purpose of Contract:
    Loaning $600,000 with $800,000 due in 6 weeks (20th March 2016 (GMT+10))

    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 agree to pay @RaginDevonian $600,000 ECD within 24 hours of this contract being approved.

    The other user(s) involved with this contract must agree to the following terms:
    @RaginDevonian must:
    - Repay the loan over 6 weeks. With $130,000 ECD due each week for 5 weeks, and $150,000 ECD due on the last week.

    The first week will be due on the 14th February 2016 AEST and the last week due 20th March 2016 (AEST). This makes the payment due on a Sunday each week. Through these dates:

    14th February - $130,000
    21st February - $130,000
    28th February - $130,000
    6th March - $130,000
    13th March - $130,000
    20th March - $150,000

    - Pay late fees of $30,000 for every weekly payment that is late.
    - Repay the above payments to a sign at /warp kokiri without going down the lifts. We're running out of space so the loan repayments are ABOVE ground and to the right. Next to the sign that has "@RaginDevonian" on it. (-4719, 90, 869 Rising)
    - If the loan is unpaid in full, including late fees, by the 20th of March 2016 (GMT+10) then an additional $80,000 will be charged and the loan due date extended by 1 week to the 27th of March (GMT+10).


    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.:
    I, @obblebobble, agree.
     
  2. RaginDevonian

    RaginDevonian Pro Pokemon Player
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  3. Obblebobble

    Obblebobble Vault of ECC - Founder
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    Please use the format :)
     
  4. RaginDevonian

    RaginDevonian Pro Pokemon Player
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    IGN:
    @RaginDevonian

    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

    (Yes I am lazy enough to not copy and paste :p)
     
  5. FuryFudge

    FuryFudge IDK ask Fury
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    Looks good! Remember to take time-stamped screenshots of any transaction by double-tapping f2!
    Locked - Approved
     
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