RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER 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 assignees, against balances due to the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the CEDING COMPANY and the REINSURER. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement.
Appears in 13 contracts
Samples: Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co)
RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER 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 assignees, against balances due to the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the CEDING COMPANY and the REINSURER. This right of offset shall provided such amounts are not be affected or diminished because of the insolvency of either party to this Agreement.in dispute in accordance with Article
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Automatic Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One)
RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER shall have, and may exercise at any time, the right to offset any undisputed balance or balances due one party to the other, its successors or assignees, against balances due to the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the CEDING COMPANY and the REINSURER. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement.
Appears in 2 contracts
Samples: Annuity Reinsurance Agreement (Variable Separate Account of Anchor National Life Insur Co), Automatic Reinsurance Agreement (Variable Annuity Account Seven)
RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER 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 assignees, against balances due to the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the CEDING COMPANY and the REINSURER. This Notwithstanding Article XI, Paragraph D, this right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Manufacturers Life Insurance Co Usa Separate Account H)
