[Contract] Loan

IGN:
@Canadian_Apple

Users Involved in this Contract:
@haydensch

General Purpose of Contract:
I will be loaning out 100 000 ECD to @haydensch

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, @Canadian_Apple, will give @haydensch 100 000 ECD within 24 hours of the Contract being Approved.

The other user(s) involved with this contract must agree to the following terms:

@haydensch will be responsible to pay off $125 000 ECD to @Canadian_Apple (from a 100 000 ECD loan) via. a Trade Sign at /warp chlorophyllum with 25 000 ECD Increments on Tuesday May 17th 2016 @ 7:00 pm EST.

Failure in Paying off the Debt on Tuesday May 17th 2016, will result in late fees to occur.

Late fees will begin on Tuesday May 17th 2016 @ 7:01 pm EST and will last until June 14 2016 @ 7:00 pm EST.

@haydensch will be require to pay an extra 5 000 ECD for each overdue week that the debt lingers until everything is payed off.

1st overdue week ends: Tuesday May 24th 2016 @ 7:00 pm EST
2nd overdue week ends: Tuesday May 31st 2016 @ 7:00 pm EST
3rd overdue week ends: Tuesday June 7th 2016 @ 7:00 pm EST
4th overdue week ends: Tuesday June 14th 2016 @ 7:00 pm EST

If the debt is still not payed. Then contract will be breached.

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.