[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Jun 18, 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_, @Enegek

    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 @Enegek $1,100,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at 23%MPR(Monthly percentage rate). The total amount of $1,353,000ECD will be due by July 16th, 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:
    @Enegek requested the approved loan of $1,100,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at 23%MPR(Monthly percentage rate). The total amount of $1,353,000ECD will be due by July 16th, 2019(11:59 pm US Eastern Time). @Enegek must make a payment of $338,250(there are 4 installments in the total of this amount) each week (Dates: June 25th, July 2nd, 9th, and 16th). If any payment is missed weekly, a late fee of $3,600 will be added to each missed payment. If the full payment is not received by the due date, a late fee of $36,000 will be added on. If the full payment is not received(including the late fees) by July 19th, 2019(11:59 pm US Eastern Time), it will result in @Enegek 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.
     
    #1 _Royal_Vulpes_, Jun 18, 2019
    Last edited: Jun 18, 2019
  2. Enegek

    Enegek tbone199205 in the house
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    IGN:
    Enegek

    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:
    I agree to the updated terms of this contract
     
    #2 Enegek, Jun 18, 2019
    Last edited: Jun 18, 2019
  3. CapitanRedRoach

    CapitanRedRoach Aka FrenchHornPlayer
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    Contract approved!

    Please remember to take time stamped screenshots where applicable by double tapping f2!
     
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