Re: Iperdome Press Release!

[Kent Crispin <kent@songbird.com>]

On Tue, Jul 15, 1997 at 11:22:17AM -0400, Vince Wolodkin wrote:
> 
> Yes, and here is my favorite part:
> 
> 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?

That clause, I believe, only applies to people who have been gone 
through the entire approval process successfully, and then back out.  
Some kind of committment point is necessary -- otherwise all the 
potential registrars could just back out.  It's just a way of making 
sure that only serious players participate.

-- 
Kent Crispin				"No reason to get excited",
kent@songbird.com			the thief he kindly spoke...
PGP fingerprint:   B1 8B 72 ED 55 21 5E 44  61 F4 58 0F 72 10 65 55
http://songbird.com/kent/pgp_key.html