General Right of Offset. Notwithstanding any provision of this Agreement, any and all amounts due from the Reinsurer to the Company or from the Company to the Reinsurer under this Agreement may be offset against amounts due from one party to the other under this Agreement or under any other written agreement hereafter entered into by and between the parties, in settling and making payments on a net basis of amounts due under this Agreement and any subsequent written agreements.
Appears in 3 contracts
Samples: Purchase Agreement (Charter National Variable Annuity Account), Coinsurance Agreement (United of Omaha Separate Account C), Purchase Agreement (Intramerica Variable Annuity Account)
General Right of Offset. Notwithstanding any provision of this ----------------------- Agreement, any and all amounts due from the Reinsurer one party to the Company or from the Company to the Reinsurer under this Agreement other may be offset against amounts due from one party to the other party under this Agreement or under any other written agreement hereafter entered into by and between the parties, in settling and making payments on a net basis of amounts due under this Agreement and any subsequent written agreements. All settlements of account between the Company and the Reinsurer shall be made in cash or its equivalent.
Appears in 1 contract
Samples: Indemnity Reinsurance Agreement (Centris Group Inc)
