Offset. Retrocedant and Retrocessionaire shall have the right to offset any balance or amounts due from one party to the other under the terms of this Agreement. The party asserting the right of offset may exercise such right at any time whether the balances due are on account of premiums, losses or otherwise.
Appears in 30 contracts
Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)
Offset. Retrocedant and Retrocessionaire shall have the right to offset any balance or amounts due from form one party to the other under the terms of this Agreement. The party asserting the right of offset may exercise such right at any time whether the balances due are on account of premiums, losses or otherwise.
Appears in 26 contracts
Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Share Retrocession Agreement (Platinum Underwriters Holdings LTD)
Offset. The Retrocedant and the Retrocessionaire shall have the right to offset any balance or amounts due from one party to the other under the terms of this Agreement. The party asserting the right of offset may exercise such right at any time whether the balances due are on account of premiums, losses or otherwise.
Appears in 17 contracts
Samples: Excess of Loss Retrocession Agreement, Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD)
