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 Harris Texas Change of Depository Agreement is a legal document that outlines the process of transferring funds from one depository institution to another within the Harris County area in Texas. This agreement enables government entities, such as school districts, municipalities, or local authorities, to change their primary depository institution. The change of depository agreement is crucial when government entities decide to switch their banking services to another financial institution due to various reasons such as better interest rates, enhanced services, or improved technology. It ensures a smooth transition of funds and secures the interests of the government entity and the new depository institution involved. The agreement contains essential details such as the effective date of the transfer, the terms and conditions, and the responsibilities of each party involved. It defines the roles of the government entity, the current depository institution, and the new depository institution. This comprehensive document also includes provisions regarding account management, transaction processing, fees, reporting, and security measures. Moreover, there are different types of Harris Texas Change of Depository Agreements depending on the specific needs and requirements of the government entity involved. Some variations of these agreements include: 1. Harris Texas Change of Depository Agreement for School Districts: This type of agreement caters to school districts within Harris County, Texas, intending to switch their primary depository institution. 2. Harris Texas Change of Depository Agreement for Municipalities: This agreement variant focuses on municipalities within Harris County, Texas, that need to transfer their funds to another depository institution. 3. Harris Texas Change of Depository Agreement for Local Authorities: Local authorities, such as water districts, emergency service districts, or transportation authorities, can utilize this type of agreement to change their primary depository institution. These specific variations address the unique requirements and regulations applicable to the respective government entities involved, ensuring a tailored agreement that aligns with their specific needs. In conclusion, the Harris Texas Change of Depository Agreement is a comprehensive legal document necessary for government entities within Harris County, Texas, to switch their primary depository institution. By facilitating a smooth transfer of funds and outlining the responsibilities of all parties, this agreement provides a solid framework for a successful transition. Whether it's for school districts, municipalities, or local authorities, the agreement can be customized to suit the particular needs of each entity.The Harris Texas Change of Depository Agreement is a legal document that outlines the process of transferring funds from one depository institution to another within the Harris County area in Texas. This agreement enables government entities, such as school districts, municipalities, or local authorities, to change their primary depository institution. The change of depository agreement is crucial when government entities decide to switch their banking services to another financial institution due to various reasons such as better interest rates, enhanced services, or improved technology. It ensures a smooth transition of funds and secures the interests of the government entity and the new depository institution involved. The agreement contains essential details such as the effective date of the transfer, the terms and conditions, and the responsibilities of each party involved. It defines the roles of the government entity, the current depository institution, and the new depository institution. This comprehensive document also includes provisions regarding account management, transaction processing, fees, reporting, and security measures. Moreover, there are different types of Harris Texas Change of Depository Agreements depending on the specific needs and requirements of the government entity involved. Some variations of these agreements include: 1. Harris Texas Change of Depository Agreement for School Districts: This type of agreement caters to school districts within Harris County, Texas, intending to switch their primary depository institution. 2. Harris Texas Change of Depository Agreement for Municipalities: This agreement variant focuses on municipalities within Harris County, Texas, that need to transfer their funds to another depository institution. 3. Harris Texas Change of Depository Agreement for Local Authorities: Local authorities, such as water districts, emergency service districts, or transportation authorities, can utilize this type of agreement to change their primary depository institution. These specific variations address the unique requirements and regulations applicable to the respective government entities involved, ensuring a tailored agreement that aligns with their specific needs. In conclusion, the Harris Texas Change of Depository Agreement is a comprehensive legal document necessary for government entities within Harris County, Texas, to switch their primary depository institution. By facilitating a smooth transfer of funds and outlining the responsibilities of all parties, this agreement provides a solid framework for a successful transition. Whether it's for school districts, municipalities, or local authorities, the agreement can be customized to suit the particular needs of each entity.
