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.
Edinburg Texas Change of Depository Agreement refers to a legal agreement that outlines the process of changing the depository bank for funds held by government entities or organizations in Edinburg, Texas. This agreement is crucial when a government entity or organization decides to switch its depository bank due to various reasons such as seeking better services, attractive interest rates, or more convenience. The Edinburg Texas Change of Depository Agreement typically includes several key components. Firstly, it clearly identifies the government entity or organization initiating the change and its current depository bank. The agreement also identifies the new depository bank that will be handling the funds going forward. Furthermore, the agreement outlines the specific terms under which the change will take place. This includes details such as the effective date of the change, the transfer process for existing funds, and any necessary notifications or approvals by relevant parties. The agreement also highlights any new account setup requirements, including the documentation needed to open the new account. When it comes to different types of Edinburg Texas Change of Depository Agreements, they can vary based on the specific government entity or organization involved, as well as the circumstances of the change. Some common variations may include: 1. Municipal Change of Depository Agreement: This agreement is used when a municipality or city government in Edinburg, Texas decides to change its depository bank. 2. School District Change of Depository Agreement: This type of agreement is relevant for school districts in Edinburg, Texas that wish to change their depository bank. 3. County Change of Depository Agreement: Similar to the municipal agreement, this agreement is used by county-level government entities in Edinburg, Texas when changing their depository bank. Overall, the Edinburg Texas Change of Depository Agreement is a vital legal document that governs the transition of funds from one depository bank to another for government entities or organizations in Edinburg, Texas. It ensures a smooth and regulated process, outlining the responsibilities and obligations of both parties involved in the change.Edinburg Texas Change of Depository Agreement refers to a legal agreement that outlines the process of changing the depository bank for funds held by government entities or organizations in Edinburg, Texas. This agreement is crucial when a government entity or organization decides to switch its depository bank due to various reasons such as seeking better services, attractive interest rates, or more convenience. The Edinburg Texas Change of Depository Agreement typically includes several key components. Firstly, it clearly identifies the government entity or organization initiating the change and its current depository bank. The agreement also identifies the new depository bank that will be handling the funds going forward. Furthermore, the agreement outlines the specific terms under which the change will take place. This includes details such as the effective date of the change, the transfer process for existing funds, and any necessary notifications or approvals by relevant parties. The agreement also highlights any new account setup requirements, including the documentation needed to open the new account. When it comes to different types of Edinburg Texas Change of Depository Agreements, they can vary based on the specific government entity or organization involved, as well as the circumstances of the change. Some common variations may include: 1. Municipal Change of Depository Agreement: This agreement is used when a municipality or city government in Edinburg, Texas decides to change its depository bank. 2. School District Change of Depository Agreement: This type of agreement is relevant for school districts in Edinburg, Texas that wish to change their depository bank. 3. County Change of Depository Agreement: Similar to the municipal agreement, this agreement is used by county-level government entities in Edinburg, Texas when changing their depository bank. Overall, the Edinburg Texas Change of Depository Agreement is a vital legal document that governs the transition of funds from one depository bank to another for government entities or organizations in Edinburg, Texas. It ensures a smooth and regulated process, outlining the responsibilities and obligations of both parties involved in the change.
