Common use of Offset of Payments Clause in Contracts

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.

Appears in 13 contracts

Sources: Reinsurance Agreement (Metlife Investors Usa Separate Account A), Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Usa Separate Account A)

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

Appears in 7 contracts

Sources: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Ten), Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)

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

Appears in 1 contract

Sources: Reinsurance Agreement (Allmerica Financial Corp)