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.
Wichita Falls Texas Change of Depository Agreement is a legal contract that outlines the transfer of funds and assets from one depository institution to another within the city of Wichita Falls, Texas. This agreement serves as a document of agreement between the parties involved, typically a governmental entity and a financial institution, stating the terms and conditions for the change of depository. In the City of Wichita Falls, there are multiple types of Change of Depository Agreements that can be classified based on various criteria. Here are a few common types: 1. Governmental Change of Depository Agreement: This type of agreement is entered into by a government entity, such as a city, county, or school district, to switch its primary depository institution. It outlines the responsibilities and obligations of both the governmental entity and the new depository institution in regard to handling public funds and other assets. 2. Commercial Change of Depository Agreement: In this type of agreement, a commercial organization operating within Wichita Falls, Texas, changes its banking relationship and transfers its accounts to a new depository institution. The agreement typically includes terms regarding account conversions, funds transfers, and any other relevant arrangements. 3. Individual Change of Depository Agreement: An individual depositor residing in Wichita Falls, Texas, may also enter into a change of depository agreement with a new financial institution. This agreement includes provisions for transferring the individual's accounts, managing direct deposits, and handling automatic bill payments. 4. Nonprofit Change of Depository Agreement: Nonprofit organizations, such as charities, associations, or foundations, may have unique requirements when changing their depository institution. A nonprofit change of depository agreement typically details how the organization's funds will be managed, including any restrictions or special provisions required by the nonprofit entity. 5. Educational Institution Change of Depository Agreement: Schools, colleges, and universities in Wichita Falls, Texas, may enter into a specialized change of depository agreement to ensure seamless transfer of their financial operations to a new bank or credit union. This agreement may encompass student accounts, payroll processing, and other financial activities specific to educational institutions. Regardless of the specific type, a Wichita Falls Texas Change of Depository Agreement typically covers key aspects such as the effective date of the transfer, detailed instructions for moving funds and assets from the old depository to the new one, contact information of relevant parties, and legal provisions related to termination or modification of the agreement. It's essential to consult with legal professionals familiar with municipal or commercial law to ensure compliance with local regulations when drafting or reviewing a Change of Depository Agreement in Wichita Falls, Texas.Wichita Falls Texas Change of Depository Agreement is a legal contract that outlines the transfer of funds and assets from one depository institution to another within the city of Wichita Falls, Texas. This agreement serves as a document of agreement between the parties involved, typically a governmental entity and a financial institution, stating the terms and conditions for the change of depository. In the City of Wichita Falls, there are multiple types of Change of Depository Agreements that can be classified based on various criteria. Here are a few common types: 1. Governmental Change of Depository Agreement: This type of agreement is entered into by a government entity, such as a city, county, or school district, to switch its primary depository institution. It outlines the responsibilities and obligations of both the governmental entity and the new depository institution in regard to handling public funds and other assets. 2. Commercial Change of Depository Agreement: In this type of agreement, a commercial organization operating within Wichita Falls, Texas, changes its banking relationship and transfers its accounts to a new depository institution. The agreement typically includes terms regarding account conversions, funds transfers, and any other relevant arrangements. 3. Individual Change of Depository Agreement: An individual depositor residing in Wichita Falls, Texas, may also enter into a change of depository agreement with a new financial institution. This agreement includes provisions for transferring the individual's accounts, managing direct deposits, and handling automatic bill payments. 4. Nonprofit Change of Depository Agreement: Nonprofit organizations, such as charities, associations, or foundations, may have unique requirements when changing their depository institution. A nonprofit change of depository agreement typically details how the organization's funds will be managed, including any restrictions or special provisions required by the nonprofit entity. 5. Educational Institution Change of Depository Agreement: Schools, colleges, and universities in Wichita Falls, Texas, may enter into a specialized change of depository agreement to ensure seamless transfer of their financial operations to a new bank or credit union. This agreement may encompass student accounts, payroll processing, and other financial activities specific to educational institutions. Regardless of the specific type, a Wichita Falls Texas Change of Depository Agreement typically covers key aspects such as the effective date of the transfer, detailed instructions for moving funds and assets from the old depository to the new one, contact information of relevant parties, and legal provisions related to termination or modification of the agreement. It's essential to consult with legal professionals familiar with municipal or commercial law to ensure compliance with local regulations when drafting or reviewing a Change of Depository Agreement in Wichita Falls, Texas.
