EXECUTORY CONTRACT AND INSOLVENCY-SETOFF. 9.1. INSOLVENCY-SETOFF (OR OFFSET). In the event either party to the Assumption Agreement shall be the subject of insolvency proceedings ("Insolvency Proceedings") all independent debts on unrelated contracts between the parties shall be setoff to the extent:
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Samples: Assumption Reinsurance Agreement (First Commonwealth Corp), Assumption Reinsurance Agreement (United Income Inc), Assumption Reinsurance Agreement (United Trust Inc /Il/)
EXECUTORY CONTRACT AND INSOLVENCY-SETOFF. 9.1. INSOLVENCY9.1 Insolvency-SETOFF Setoff (OR OFFSETor Offset). In the event either party to the Assumption Agreement shall be the subject of insolvency proceedings ("Insolvency Proceedings") all independent debts on unrelated contracts between the parties shall be setoff to the extent:
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