Common use of Offset of Payments Clause in Contracts

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvency.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any the insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws law of the state taking exercising jurisdiction over the insolvency.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the Effective Date of this Agreement.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties hereto will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvency.

Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement or any other reinsurance agreements between the parties will shall be offset against each other, dollar for dollar; provided, regardless of any insolvency of either party. Howeverhowever, in the event of an insolvencyinsolvency of either party, offsets offset will be allowed in accordance with to the statutory, common and case laws of extent permitted under applicable insolvency law governing the state taking jurisdiction over the insolvencyinsolvency process.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the First Amended and Restated Effective Date of this Agreement.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvencyinsolvency as such laws exist as of the Effective Date of this Agreement.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of EXECUTION VERSION Page 29 of 64 any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the Effective Date of this Agreement.

Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the Ceding Company's domiciliary state taking jurisdiction over as such laws exist as of the insolvencyeffective date of this Agreement.

Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the Effective Date of this Agreement.