Common use of Offset of Payments Clause in Contracts

Offset of Payments. All monies due either the Cedent or the Reinsurer under this Agreement shall be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 13 contracts

Samples: Reinsurance Agreement (Metlife Investors Usa Separate Account A), Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One)

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Offset of Payments. All monies due either the Cedent Ceding Company or the Reinsurer under this Agreement shall will be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 2 contracts

Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Mony Group Inc)

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Offset of Payments. All monies due either the Cedent Company or the Reinsurer under this Agreement shall be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 1 contract

Samples: Reinsurance Agreement (Allmerica Financial Corp)

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