Common use of Limitation on Set-off Clause in Contracts

Limitation on Set-off. Neither the Reinsurer nor the Ceding Company shall have any right to set off any unresolved indemnification claim pursuant to this Article VIII against any payment due pursuant to Article III or Section 7.4 or any Transaction Agreement.

Appears in 2 contracts

Sources: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two Dc Var Ac Ii), Reinsurance Agreement