Right of Offsetting Balances Due. 1. The Company and Swiss Re America shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assigns, against balances due the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the Company and Swiss Re America. This right of offset shall not be affected or diminished because of insolvency of either party to this Agreement.
Appears in 7 contracts
Samples: Automatic Reinsurance Agreement (Separate Account a of Union Security Life Ins Co of New York), Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Automatic Reinsurance Agreement (Nasl Variable Account)
Right of Offsetting Balances Due. 1. The Company and Swiss Re America shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assigns, against balances due the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the Company and Swiss Re America. This right of offset shall not be affected or diminished because of insolvency of either party to this Agreement.. SWISS RE AMERICA
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13), Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Right of Offsetting Balances Due. 1. The Company and Swiss Re America shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assigns, against balances due the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the Company and Swiss Re AmericaAgreement. This right of offset shall not be affected or diminished because of insolvency of either party to this Agreement.. SWISS RE AMERICA
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
Right of Offsetting Balances Due. 1. The Company and Swiss Re America shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assigns, against balances due the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the Company and Swiss Re America. This right of offset shall not be affected or diminished because of insolvency of either party to this Agreement.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account B American Intl Life Assur Co of New York)
