This form is used when the Lessor is the owner of an undivided interest in and to the oil, gas, and other minerals, subject to a Lease designates another bank, its successors or assigns, instead of the depository bank named in the Lease or in any other agreement prior to this Agreement, as the Depository for any rentals and shut-in gas well royalties payable under the terms of the Lease.
The Austin Texas Change of Depository Agreement refers to a legally binding agreement that involves the transfer of funds or assets from one depository institution to another within the jurisdiction of Austin, Texas. This agreement enables the holder of the funds or assets, typically a governmental agency or organization, to switch their primary depository institution from their existing one to a new one. There are various types of Austin Texas Change of Depository Agreements that may be encountered, depending on the specific circumstances and requirements of the entity involved. Some common types include: 1. City of Austin Change of Depository Agreement: This type of agreement is applicable when the City of Austin, Texas, decides to switch its primary depository institution. It outlines the terms and conditions of the transfer of funds, banking services, and related responsibilities between the City and the selected depository institution. 2. County Change of Depository Agreement: This agreement is specific to the change of depository institutions by a county within the Austin, Texas area. It outlines the procedures, criteria, and obligations for the transfer of funds and assets from the previous financial institution to the newly selected one. 3. School District Change of Depository Agreement: When a school district in Austin, Texas, decides to change its depository institution, this agreement comes into play. It details the terms and conditions for the movement of funds, cash management services, and any other relevant provisions that facilitate a smooth transition. 4. Special District Change of Depository Agreement: This type of agreement is utilized by special districts, such as water or transportation districts, within Austin, Texas, when they opt to change their primary depository institution. It establishes the framework for the transfer of funds, liquidity management, and other financial services necessary for the functioning of the district. In summary, the Austin Texas Change of Depository Agreement allows entities within the jurisdiction of Austin, Texas, to transfer their funds and assets from their existing depository institution to a new one. Various types of agreements exist depending on the nature of the entity, including the City, County, School District, and Special District Change of Depository Agreements.The Austin Texas Change of Depository Agreement refers to a legally binding agreement that involves the transfer of funds or assets from one depository institution to another within the jurisdiction of Austin, Texas. This agreement enables the holder of the funds or assets, typically a governmental agency or organization, to switch their primary depository institution from their existing one to a new one. There are various types of Austin Texas Change of Depository Agreements that may be encountered, depending on the specific circumstances and requirements of the entity involved. Some common types include: 1. City of Austin Change of Depository Agreement: This type of agreement is applicable when the City of Austin, Texas, decides to switch its primary depository institution. It outlines the terms and conditions of the transfer of funds, banking services, and related responsibilities between the City and the selected depository institution. 2. County Change of Depository Agreement: This agreement is specific to the change of depository institutions by a county within the Austin, Texas area. It outlines the procedures, criteria, and obligations for the transfer of funds and assets from the previous financial institution to the newly selected one. 3. School District Change of Depository Agreement: When a school district in Austin, Texas, decides to change its depository institution, this agreement comes into play. It details the terms and conditions for the movement of funds, cash management services, and any other relevant provisions that facilitate a smooth transition. 4. Special District Change of Depository Agreement: This type of agreement is utilized by special districts, such as water or transportation districts, within Austin, Texas, when they opt to change their primary depository institution. It establishes the framework for the transfer of funds, liquidity management, and other financial services necessary for the functioning of the district. In summary, the Austin Texas Change of Depository Agreement allows entities within the jurisdiction of Austin, Texas, to transfer their funds and assets from their existing depository institution to a new one. Various types of agreements exist depending on the nature of the entity, including the City, County, School District, and Special District Change of Depository Agreements.
