Off-Set. Any undisputed debts or credits, in favor of or against either the Reinsurer or the Company with respect to this Agreement, are deemed mutual debts or credits and may be offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 3 contracts
Samples: Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl), Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl), Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl)
Off-Set. Any undisputed debts or credits, in favor of or against either the Reinsurer or the Company with respect to this Agreement, Agreement or any other reinsurance agreement(s) between the parties are deemed mutual debts or credits and may be offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 2 contracts
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G), Automatic Yearly Renewable Term (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO)
Off-Set. Any undisputed debts or credits, in favor of or against either the Reinsurer or the Company with respect to this Agreement, Agreement are deemed mutual debts or credits and may be offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Illegible Illegible Illegible Illegible Illegible (Vericity, Inc.)
Off-Set. Any undisputed debts or credits, in favor of or against either the Reinsurer or the Company with respect to this Agreement, are deemed mutual debts or credits and may be offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (American Equity Investment Life Holding Co)
Off-Set. Any undisputed debts or credits, in favor of or against either the Reinsurer or the Company with respect to this Agreement, Agreement or any other reinsurance agreement(s) between the Parties are deemed mutual debts or credits and may be offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I)
Off-Set. Any undisputed debts or credits, in favor of or against either the Reinsurer or the Company with respect to this Agreement, Agreement or any other reinsurance agreement(s) between the parties are deemed mutual debts or credits and may be offset, and only the balance will be allowed or paid, provided that the party that seeks to avail itself of this right of offset is not in breach of any provision of this Agreement. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
