[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, May 23, 2020.

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  1. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
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    IGN:
    @_Royal_Vulpes_

    Users Involved in this Contract:
    @_Royal_Vulpes_, @TankNoodle

    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 @TankNoodle $320,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at a one-time 12.5% MPR(Weekly percentage rate). The total amount of $360,000ECD will be due by June 7th, 2020 (11:59 pm US Eastern Time). If I do not meet 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:
    @TankNoodle requested the approved loan of $320,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at a one-time 12.5% MPR(Monthly percentage rate). The total amount of $360,000ECD will be due by June 7th, 2020 (11:59 pm US Eastern Time). @TankNoodle must make at least payments of $180,000(there are 2 installments of $180,000 in the total of this amount) for each week (Dates: May 31st and June 7th). Payments must be made at trade chests located at the Austro-Aurora United Bank on the third floor(Left building at the East Gate[Andrew's Statue and the giant snipe chest] Spawntown, AAUB Ostenstadt Branch x:135 y:80 z:18) in Main Rising. If any payment is missed weekly, a late fee of $20,000 will be added to each missed payment. If the full payment is not received by the final due date, June 7th, 2020, a late fee of $60,000 will be added on. If the full payment is not received(including the late fees) by June 9th, 2020 (12:01 am US Eastern Time), it will result in @TankNoodle 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
     
  2. TankNoodle

    TankNoodle President
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    I agree
     
  3. dgam02

    dgam02 ♫ Musical Moderator ♫
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    Everything looks good! Remember to double tap F2 for any transactions pertaining to this Contract!

    Locked-Contract Approved.
     
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