Re: Iperdome Press Release!

[Vince Wolodkin <wolodkin@digitalink.com>]

Kent Crispin wrote:
> 
> 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

That may indeed be the intent, but with all the lawyers they have at ITU
you would think they could do a better job of crafting language that
matches intent....oooops, maybe they did.

Vince