Re: Iperdome Press Release!

[Franco Guadagni <guadagni@cselt.it>]

At 11.22 15/07/97 -0400, Vince Wolodkin wrote:

>I.10  ___ APPLICANT UNDERSTANDS AND ACCEPTS THAT THE APPLICATION FEE
>SUBMITTED BY APPLICANTS WHICH ARE DEEMED, AS A RESULT OF THIS
>APPLICATION, TO QUALIFY TO SIGN THE CORE-MoU WILL BECOME THE PROPERTY OF
>CORE, TO BE USED TO FUND ACTIVITIES RELATED TO THE gTLD-MoU, AND WILL
>NOT BE RETURNED UNDER ANY CIRCUMSTANCES, WHETHER OR NOT THE SUCCESSFUL
>APPLICANT ACTUALLY BECOMES A gTLD REGISTRAR.  IN PARTICULAR, APPLICANT
>UNDERSTANDS AND AGREES THAT THE APPLICATION FEE CONSTITUTES AN
>INVESTMENT IN THE CREATION OF THE gTLD REGISTRATION SERVICE UNDER CORE,
>AND FURTHER UNDERSTANDS AND AGREES THAT SUCH INVESTMENT ENTAILS A RISK
>ON THE PART OF THE APPLICANT.
>
>It would seem that some applicants may lose their $10,000 dollar
>"investment" if they do not become a registrar.  Under what
>circumstances could a successful applicant find his $10,000 "investment"
>forfeit?  The lottery process has been canceled, is their still a 28
>registrar limit?
>
>Vince Wolodkin
>

No limit any more. My understanding (and I think the only possible one) is
that, in case a would-be registrar , for any reason, changes its mind after
being "passed" by the application assessment company, it would not be
entitled to any refund, but rather his money would be used to contribute to
the common good of the system.

Franco.