- Joined
- Jul 4, 2024
- Messages
- 10
Apologies for delay, medical issue kind of snowballed after the extension I did not mean to overshoot it but I was physically unable to respond for some time, answers are below, I hope everyone understands, thank you all.
(1) What specifically makes a REPO agreement different from a normal loan?
A repo agreement in this case is a type of loan. You have many types of loans. I don't know exactly which type of loan you are referring to when you say 'normal' loan. So it's hard to compare.
(2) Do you have any explanation for why your business partner in Vontobel has continued to represent this agreement a loan?
I would imagine because the agreement is a type of loan.
(3) As required by the LDZ Contract for the disputed plots, has Raze held the required 4 monthly events in Raze Arena each month?
I believe Raze has complied with the requirements of the supplemental LDZ contract, and once the plots are returned to me, we will ensure the events are held.
Question 4a - Did Raze Holdings "make every effort to ensure the development remains lively and active with sustainable marketing and events at the expense of Raze Holdings"?
I believe so, yes.
Question 4b (to avoid confusing things by having this be at the end of the order) - If so, how?
By keeping in mind our obligations under the contract, and attempting to fulfill these to the best of our ability.
(6) Given that 40% of the points under Services & Deliverables in your LDZ contract relate to Raze Arena; marketing and events do not appear to have occurred; and the development has been generally stagnant, as evidenced in part by your inactivity; how is it that you can claim you still substantially fulfilled your LDZ contract obligations?
I don't believe the premise of your question is correct. It's my belief that Raze complied with the requirements and is committed to doing so once the plots are returned to us.
(8) Are you familiar with the clause of the Plot Regulation Act that allows eviction after 30 days of inactivity?
To some degree, yes, but I am not a lawyer.
(9) Are you aware that you met this threshold at the time the plots were evicted?
It's my understanding the clause only applies to the title holder of the plot, which was not me at the time. If you are asking me whether I had not logged in for 30 days at the time of the eviction, then that could be very well possible since my PC is broken at the moment.
(1) What specifically makes a REPO agreement different from a normal loan?
A repo agreement in this case is a type of loan. You have many types of loans. I don't know exactly which type of loan you are referring to when you say 'normal' loan. So it's hard to compare.
(2) Do you have any explanation for why your business partner in Vontobel has continued to represent this agreement a loan?
I would imagine because the agreement is a type of loan.
(3) As required by the LDZ Contract for the disputed plots, has Raze held the required 4 monthly events in Raze Arena each month?
I believe Raze has complied with the requirements of the supplemental LDZ contract, and once the plots are returned to me, we will ensure the events are held.
Question 4a - Did Raze Holdings "make every effort to ensure the development remains lively and active with sustainable marketing and events at the expense of Raze Holdings"?
I believe so, yes.
Question 4b (to avoid confusing things by having this be at the end of the order) - If so, how?
By keeping in mind our obligations under the contract, and attempting to fulfill these to the best of our ability.
(6) Given that 40% of the points under Services & Deliverables in your LDZ contract relate to Raze Arena; marketing and events do not appear to have occurred; and the development has been generally stagnant, as evidenced in part by your inactivity; how is it that you can claim you still substantially fulfilled your LDZ contract obligations?
I don't believe the premise of your question is correct. It's my belief that Raze complied with the requirements and is committed to doing so once the plots are returned to us.
(8) Are you familiar with the clause of the Plot Regulation Act that allows eviction after 30 days of inactivity?
To some degree, yes, but I am not a lawyer.
(9) Are you aware that you met this threshold at the time the plots were evicted?
It's my understanding the clause only applies to the title holder of the plot, which was not me at the time. If you are asking me whether I had not logged in for 30 days at the time of the eviction, then that could be very well possible since my PC is broken at the moment.