[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Aug 9, 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_, @MinecraftParkerH

    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 @MinecraftParkerH $800,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at 15%WPR(Weekly percentage rate). The total amount of $1,040,000ECD will be due by August 24th, 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:
    @MinecraftParkerH requested the approved loan of $800,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at 15%WPR(Weekly percentage rate). The total amount of $1,040,000ECD will be due by August 24th, 2019 (11:59 pm US Eastern Time). @MinecraftParkerH must make a payment of $520,000(there are 2 installments in the total of this amount) each week (Dates: August 17th and 24th). 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:77 y:96 z:814) in Main Rising. If any payment is missed weekly, a late fee of $4,800 will be added to each missed payment. If the full payment is not received by the due date, a late fee of $48,000 will be added on. If the full payment is not received(including the late fees) by August 27th, 2019(11:59 pm US Eastern Time), it will result in @MinecraftParkerH 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. MinecraftParkerH

    MinecraftParkerH ECC ElonMusk
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    IGN:
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    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. Gernen

    Gernen Prime Minister
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    Remember to take time-stamped screenshots of any and all transactions.

    Contract Approved - Thread Locked
     
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