[Dutton]

Originally Posted by Removed from Article 44

Any applicant which did not take part in the Championship for the previous year must also deposit US$48,000,000 (forty-eight million United States dollars) with the FIA when submitting its application. This sum will be returned to it forthwith if its application is refused or in twelve equal monthly instalments (including interest) commencing immediately after the first Event in which it competes, provided it has met and continues to meet all the requirements of the Agreement and its schedules. If the applicant fails to appear for the Championship for which it has entered, its deposit will be forfeit save only that the applicant may delay its participation by one year, in which case US$12,000,000 (twelve million United States dollars) will be forfeit and the balance repaid as set out above.

Goodbye bond.