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.
Pearland Texas Change of Depository Agreement is a legal document that outlines the transfer of banking services from one financial institution to another in Pearland, Texas. It serves as an agreement between the governing body or entity that holds funds and the chosen depository institution. This agreement is typically used when the governing body decides to change the bank it utilizes for handling deposits and managing financial transactions. The Pearland Texas Change of Depository Agreement involves various key aspects, including the terms and conditions agreed upon by both parties involved. It specifies the effective date of the transfer, the duration of the agreement, and the responsibilities and obligations of the depository institution. The agreement also outlines the procedures for depositing funds, the types of bank accounts to be opened, and the methods of reporting and auditing financial activities. One type of Pearland Texas Change of Depository Agreement is the Public Depository Agreement. This agreement is primarily used by government entities, such as schools, cities, counties, or state agencies, to facilitate the movement of funds from one financial institution to another. It ensures that public funds are safely held and managed by a reputable depository institution that meets the required legal and financial standards. Another type of Pearland Texas Change of Depository Agreement is the Corporate Depository Agreement. This agreement is primarily used by businesses or corporations operating in Pearland, Texas. It enables them to shift their banking services from one institution to another, ensuring efficient management of their financial transactions and funds. The Pearland Texas Change of Depository Agreement is crucial in maintaining a transparent and accountable financial system. It safeguards the interests of the governing body or entity by providing a legal framework for the handling of public or corporate funds. By outlining the terms and conditions of the agreement, it ensures that both parties involved understand their roles and obligations, fostering a smooth transition between depository institutions. In conclusion, the Pearland Texas Change of Depository Agreement is a vital legal document that enables the transfer of banking services from one financial institution to another. It ensures the proper management and handling of funds by outlining the responsibilities and obligations of both parties involved. Whether it is a Public Depository Agreement for government entities or a Corporate Depository Agreement for businesses, this agreement plays a crucial role in maintaining a transparent and efficient financial system in Pearland, Texas.Pearland Texas Change of Depository Agreement is a legal document that outlines the transfer of banking services from one financial institution to another in Pearland, Texas. It serves as an agreement between the governing body or entity that holds funds and the chosen depository institution. This agreement is typically used when the governing body decides to change the bank it utilizes for handling deposits and managing financial transactions. The Pearland Texas Change of Depository Agreement involves various key aspects, including the terms and conditions agreed upon by both parties involved. It specifies the effective date of the transfer, the duration of the agreement, and the responsibilities and obligations of the depository institution. The agreement also outlines the procedures for depositing funds, the types of bank accounts to be opened, and the methods of reporting and auditing financial activities. One type of Pearland Texas Change of Depository Agreement is the Public Depository Agreement. This agreement is primarily used by government entities, such as schools, cities, counties, or state agencies, to facilitate the movement of funds from one financial institution to another. It ensures that public funds are safely held and managed by a reputable depository institution that meets the required legal and financial standards. Another type of Pearland Texas Change of Depository Agreement is the Corporate Depository Agreement. This agreement is primarily used by businesses or corporations operating in Pearland, Texas. It enables them to shift their banking services from one institution to another, ensuring efficient management of their financial transactions and funds. The Pearland Texas Change of Depository Agreement is crucial in maintaining a transparent and accountable financial system. It safeguards the interests of the governing body or entity by providing a legal framework for the handling of public or corporate funds. By outlining the terms and conditions of the agreement, it ensures that both parties involved understand their roles and obligations, fostering a smooth transition between depository institutions. In conclusion, the Pearland Texas Change of Depository Agreement is a vital legal document that enables the transfer of banking services from one financial institution to another. It ensures the proper management and handling of funds by outlining the responsibilities and obligations of both parties involved. Whether it is a Public Depository Agreement for government entities or a Corporate Depository Agreement for businesses, this agreement plays a crucial role in maintaining a transparent and efficient financial system in Pearland, Texas.
