Common use of Offset of Payments Clause in Contracts

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.

Appears in 13 contracts

Samples: Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co)

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Offset of Payments. All monies moneys 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.

Appears in 7 contracts

Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Ten), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)

Offset of Payments. All monies due either to the Ceding Company or to the ------------------ Reinsurer under this Agreement will shall be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 3 contracts

Samples: Coinsurance Agreement (Acap Corp), Coinsurance Agreement (Acap Corp), Coinsurance Agreement (Acap Corp)

Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement will shall be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 2 contracts

Samples: Reinsurance Agreement (Metlife Investors Usa Separate Account A), Reinsurance Agreement (Metropolitan Life Separate Account E)

Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement or any other agreements will be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 2 contracts

Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (North American Security Life Insurance Co)

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Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement will shall be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 2 contracts

Samples: Indemnity Reinsurance Agreement, Indemnity Reinsurance Agreement (Independence Holding Co)

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.

Appears in 2 contracts

Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Mony Group Inc)

Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement or any other reinsurance agreements will be offset against each other, dollar for dollar, regardless of any insolvency of either party.

Appears in 1 contract

Samples: Reinsurance Agreement (Mony Group Inc)

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