Setoff and Recoupment. Any debts or credits, matured or unmatured, regardless of when they arose or were incurred, in favor of or against either the Company or the 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 net balance shall be allowed or paid.
Appears in 5 contracts
Samples: Coinsurance Agreement, Coinsurance Agreement (Eagle Life Insurance Co), Coinsurance Agreement (American Equity Investment Life Holding Co)
Setoff and Recoupment. Any debts or credits, matured or unmatured, regardless of when they arose or were incurred, in favor of or against either the Company or the Reinsurer with respect to this Agreement, Agreement are deemed mutual debts or credits, as the case may be, and shall be set offoff and/or recouped from any amounts due to the Company or the Reinsurer hereunder, as the case may be, and only the net balance shall be allowed or paid.
Appears in 3 contracts
Samples: Trust Agreement (Horace Mann Life Insurance Co Separate Account), Trust Agreement (Talcott Resolution Life Insurance Co), Trust Agreement (Talcott Resolution Life Insurance Co)
