1offset Sample Clauses


1OFFSET. The Company and the Retrocessionaire may offset any balance or amount due from one party to the other under this Agreement and any other agreement between the parties. However, in the event of the insolvency of any party hereto, offset shall only be allowed in accordance with the Insolvency Article included herein, or where in conflict with applicable law, such law shall govern. Such offset details shall be clearly delineated for accounting purposes.