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.
Beaumont Texas Change of Depository Agreement is a legal document that outlines the process of switching financial institutions and changing the depository for funds held by a specific entity or organization in Beaumont, Texas. This agreement is commonly used when there is a need to transfer funds from one depository bank to another. There are several types of Beaumont Texas Change of Depository Agreement that may be encountered, depending on the circumstances: 1. Corporate Change of Depository Agreement: This type of agreement is used by corporations in Beaumont, Texas, when they decide to switch their primary depository bank. It includes details such as the effective date of the change, the new depository bank's information, and any specific terms and conditions related to the transfer of funds. 2. Government Change of Depository Agreement: Government entities in Beaumont, Texas, often enter into this type of agreement when they need to change their depository bank. It typically includes provisions related to compliance with local regulations, the handling of public funds, and any necessary approvals from government authorities. 3. Non-Profit Organization Change of Depository Agreement: Non-profit organizations operating in Beaumont, Texas, may use this agreement to switch their depository bank. It may include clauses addressing the handling of donor contributions, financial reporting requirements, and any limitations on the use of funds. 4. Personal Change of Depository Agreement: Individuals residing in Beaumont, Texas, who wish to transfer their funds from one bank to another can utilize a personal change of depository agreement. It includes terms and conditions related to the transfer of personal funds, any fees associated with the process, and the effective date of the change. Regardless of the specific type, a Beaumont Texas Change of Depository Agreement typically includes certain key elements: — Identification of the parties involved: The agreement should clearly state the names and contact information of both the entity changing the depository and the new depository bank. — Effective date: This is the date on which the transfer of funds will begin. — Transfer process: The agreement should outline the procedures for transferring funds from the old depository bank to the new one, including any necessary paperwork or notifications. — Terms and conditions: The agreement may include any specific terms or conditions related to the change, such as fees, interest rates, service charges, or any additional requirements imposed by the new depository bank. — Termination provisions: In some cases, the agreement may specify the conditions under which either party can terminate the agreement, ensuring that both parties have an exit strategy if needed. Beaumont Texas Change of Depository Agreement is an essential legal document that allows for a smooth and transparent transfer of funds from one depository bank to another. It ensures that all parties involved are aware of their rights, responsibilities, and obligations throughout the process.Beaumont Texas Change of Depository Agreement is a legal document that outlines the process of switching financial institutions and changing the depository for funds held by a specific entity or organization in Beaumont, Texas. This agreement is commonly used when there is a need to transfer funds from one depository bank to another. There are several types of Beaumont Texas Change of Depository Agreement that may be encountered, depending on the circumstances: 1. Corporate Change of Depository Agreement: This type of agreement is used by corporations in Beaumont, Texas, when they decide to switch their primary depository bank. It includes details such as the effective date of the change, the new depository bank's information, and any specific terms and conditions related to the transfer of funds. 2. Government Change of Depository Agreement: Government entities in Beaumont, Texas, often enter into this type of agreement when they need to change their depository bank. It typically includes provisions related to compliance with local regulations, the handling of public funds, and any necessary approvals from government authorities. 3. Non-Profit Organization Change of Depository Agreement: Non-profit organizations operating in Beaumont, Texas, may use this agreement to switch their depository bank. It may include clauses addressing the handling of donor contributions, financial reporting requirements, and any limitations on the use of funds. 4. Personal Change of Depository Agreement: Individuals residing in Beaumont, Texas, who wish to transfer their funds from one bank to another can utilize a personal change of depository agreement. It includes terms and conditions related to the transfer of personal funds, any fees associated with the process, and the effective date of the change. Regardless of the specific type, a Beaumont Texas Change of Depository Agreement typically includes certain key elements: — Identification of the parties involved: The agreement should clearly state the names and contact information of both the entity changing the depository and the new depository bank. — Effective date: This is the date on which the transfer of funds will begin. — Transfer process: The agreement should outline the procedures for transferring funds from the old depository bank to the new one, including any necessary paperwork or notifications. — Terms and conditions: The agreement may include any specific terms or conditions related to the change, such as fees, interest rates, service charges, or any additional requirements imposed by the new depository bank. — Termination provisions: In some cases, the agreement may specify the conditions under which either party can terminate the agreement, ensuring that both parties have an exit strategy if needed. Beaumont Texas Change of Depository Agreement is an essential legal document that allows for a smooth and transparent transfer of funds from one depository bank to another. It ensures that all parties involved are aware of their rights, responsibilities, and obligations throughout the process.
