Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvency.
Offset of Payments. All monies due either the Cedent or the Reinsurer under this Agreement shall be offset against each other, dollar for dollar, regardless of any insolvency of either party.
Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement will be offset against each other, dollar for dollar, regardless of any insolvency of either party.
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with Bermuda law, or the statutory, common and case laws of the state taking jurisdiction over the insolvency as such Bermuda law, or statutory, common and case law exists as of the Effective Date of this Agreement.
Offset of Payments. You authorize the Company, where permitted by applicable law and Section 409A of the Code, to offset any payment the Company owes you by the amount determined by the Company to be owed by you to the Company.
Offset of Payments. All monies due to either the Company or the Reinsurer under this Agreement may be offset against each other, dollar for dollar, regardless of any insolvency of either party.
Offset of Payments. Any debts or credits, liquidated or unliquidated, in favor of or against either the Company or the Reinsurer with respect to this Agreement only shall be set-off and only the balance shall be allowed or paid.
Offset of Payments. To the extent allowed by the applicable law or the appropriate regulatory official having jurisdiction and control over the affairs of the parties, and in addition to any other remedies provided under this Agreement, and subject to this Article 6, each party shall have, and may exercise at any time and from time to time, the right to offset any balance or balances, due from one party to the other party under this Agreement. However, such right of offset shall be limited solely to amounts that may become due and payable pursuant to this Agreement.
Offset of Payments. Seller reserves the right to deduct any amounts that Buyer owes Seller from any payments made by Buyer.
Offset of Payments. Alimonies due to either the Company or the Reinsurer under this Agreement may be offset against each other, dollar for dollar, in accordm1ce with Utah law.
