Common use of Escrow of Reservation Deposit Clause in Contracts

Escrow of Reservation Deposit. Provider has a Depositary Agreement with the Bank of New York Mellon (“Escrow Agent”) and will place your Reservation Deposit in escrow with the Escrow Agent until the Reservation Deposit is refunded to you at your request or credited toward your Entrance Fee owed. Any interest earned on your deposit will be included in your refund or in the amount 48284681 v3 credited toward your Entrance Fee. The amount of interest may vary, but in no event does Provider expect the interest rate to exceed 1%. The contact information for the Escrow Agent is: The Bank of New York Mellon Trust Company, N.A. 0000 Xxxxxxxxx Xxxx, Xxxxx 000 Jacksonville, Florida 32256 ATTN: Xxxxxxx Xxxxxx

Escrow of Reservation Deposit. Provider has a Depositary Agreement with the Bank of New York Mellon (“Escrow Agent”) and will place your Reservation Deposit in escrow with the Escrow Agent until the Reservation Deposit is refunded to you at your request or credited toward your Entrance Fee owed. Any interest earned on your deposit will be included in your refund or in the amount 48284681 v3 credited toward your Entrance Fee. The amount of interest may vary, but in no event does Provider expect the interest rate to exceed 1%. The contact information for the Escrow Agent is: The Bank of New York Mellon Trust Company, N.A. 0000 Xxxxxxxxx Xxxx, Xxxxx 000 Jacksonville, Florida 32256 ATTN: Xxxxxxx Xxxxxx