Offset Rights. Any debts or credits incurred on and after the Effective Date in favor of or against either the Company or Reinsurer with respect to this Agreement are deemed mutual debts or credits, as the case may be, and shall be set off, and only the balance shall be allowed or paid.
Appears in 12 contracts
Samples: Modified Coinsurance Agreement, Coinsurance Agreement, Coinsurance Agreement (ING U.S., Inc.)
Offset Rights. Any debts or credits incurred on and after the Effective Closing Date in favor of or against either the Company or Reinsurer with respect to this Agreement are deemed mutual debts or credits, as the case may be, and shall be set off, and only the balance shall be allowed or paid.
Appears in 1 contract
Samples: Coinsurance Agreement (Kilico Variable Annuity Separate Account)
