[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Jan 19, 2020.

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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_, @Wrestling_Champ

    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 @Wrestling_Champ $400,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at a one-time 15% WPR(Weekly percentage rate). The total amount of $460,000ECD will be due by February 3rd, 2020 (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:
    @Wrestling_Champ requested the approved loan of $400,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at a one-time 15% WPR(Weekly percentage rate). The total amount of $460,000ECD will be due by February 3rd, 2020 (11:59 pm US Eastern Time). @Wrestling_Champ must make payments of 230,000(there are 2 installments in the total of this amount) each week (Dates: January 27th and February 3rd). 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:71 y:96 z:814) in Main Rising. If any payment is missed weekly, a late fee of $12,000 will be added to each missed payment. If the full payment is not received by the final due date, a late fee of $36,000 will be added on. If the full payment is not received(including the late fees) by February 5th, 2020 (12:01 am US Eastern Time), it will result in @Wrestling_Champ 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
     
    #1 _Royal_Vulpes_, Jan 19, 2020
    Last edited: Jan 19, 2020
  2. Wrestling_Champ

    Wrestling_Champ Builder
    Builder ⛰️ Ex-President ⚒️⚒️

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    I agree with the terms of this contract!
     
  3. zwunder

    zwunder Builder
    Builder ⛰️ Ex-EcoMaster ⚜️⚜️⚜️⚜️

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    Contract approved!
     
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