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.
League City Texas Change of Depository Agreement is a legal document that outlines the terms and conditions for changing the depository of funds in League City, Texas. This agreement is typically entered into between a financial institution and the City of League City, Texas, to establish a new depository arrangement. The Change of Depository Agreement serves as a safeguard to ensure that all funds deposited by the City of League City are handled in a secure and efficient manner. It outlines the responsibilities, rights, and obligations of both parties regarding the deposit and withdrawal of funds. One type of League City Texas Change of Depository Agreement is the Standard Change of Depository Agreement, which is the most common and straightforward version. It sets the terms for the transfer of funds from the existing depository to the new depository as chosen by the City of League City. This agreement ensures a smooth transition of financial services while maintaining compliance with applicable laws and regulations. Another type of League City Texas Change of Depository Agreement is the Renewal Change of Depository Agreement. This agreement is entered into when the existing depository agreement is up for renewal, and the City of League City decides to change the depository. It is similar to the Standard Change of Depository Agreement and contains provisions for transferring funds, updating banking information, and establishing new account arrangements. The League City Texas Change of Depository Agreement includes various key provisions, including the effective date of the agreement, the names and contact information of both parties, the designated depository institution, and the authorized signatories. It also specifies the process for transferring funds, the account maintenance procedures, the depository's reporting requirements, and any fees or charges associated with the depository services. It is essential for both parties to carefully review and understand the terms and conditions outlined in the League City Texas Change of Depository Agreement before signing it. Legal counsel is often engaged to ensure that the agreement complies with all relevant laws and regulations and protects the interests of both parties involved. In conclusion, the League City Texas Change of Depository Agreement is a crucial legal document that enables the City of League City to change its depository and establish a new financial arrangement. It provides the framework for transferring funds, ensuring compliance with regulations, and maintaining efficient financial operations. Whether it is a Standard or Renewal agreement, this document plays a vital role in the smooth transition of banking services for the City of League City, Texas.League City Texas Change of Depository Agreement is a legal document that outlines the terms and conditions for changing the depository of funds in League City, Texas. This agreement is typically entered into between a financial institution and the City of League City, Texas, to establish a new depository arrangement. The Change of Depository Agreement serves as a safeguard to ensure that all funds deposited by the City of League City are handled in a secure and efficient manner. It outlines the responsibilities, rights, and obligations of both parties regarding the deposit and withdrawal of funds. One type of League City Texas Change of Depository Agreement is the Standard Change of Depository Agreement, which is the most common and straightforward version. It sets the terms for the transfer of funds from the existing depository to the new depository as chosen by the City of League City. This agreement ensures a smooth transition of financial services while maintaining compliance with applicable laws and regulations. Another type of League City Texas Change of Depository Agreement is the Renewal Change of Depository Agreement. This agreement is entered into when the existing depository agreement is up for renewal, and the City of League City decides to change the depository. It is similar to the Standard Change of Depository Agreement and contains provisions for transferring funds, updating banking information, and establishing new account arrangements. The League City Texas Change of Depository Agreement includes various key provisions, including the effective date of the agreement, the names and contact information of both parties, the designated depository institution, and the authorized signatories. It also specifies the process for transferring funds, the account maintenance procedures, the depository's reporting requirements, and any fees or charges associated with the depository services. It is essential for both parties to carefully review and understand the terms and conditions outlined in the League City Texas Change of Depository Agreement before signing it. Legal counsel is often engaged to ensure that the agreement complies with all relevant laws and regulations and protects the interests of both parties involved. In conclusion, the League City Texas Change of Depository Agreement is a crucial legal document that enables the City of League City to change its depository and establish a new financial arrangement. It provides the framework for transferring funds, ensuring compliance with regulations, and maintaining efficient financial operations. Whether it is a Standard or Renewal agreement, this document plays a vital role in the smooth transition of banking services for the City of League City, Texas.
