Common use of Offset Rights Clause in Contracts

Offset Rights. Except as otherwise expressly provided, each Party hereto, and each of its respective Affiliates at the time an offset is asserted, shall have, and may exercise at any time and from time to time, the right to offset any balance or balances due to the other Party under this Agreement at the time an offset is asserted; provided, however, that in the event of the insolvency of a Party hereto or any of its Affiliates, offsets shall only be allowed in accordance with the provisions of Applicable Law.

Offset Rights. Except as otherwise expressly provided, each Each Party hereto, and each of its respective Affiliates at the time an offset is asserted, shall have, and may exercise at any time and from time to time, the right to offset any balance or balances due to the other Party Parties arising under this Agreement at Agreement, and regardless of whether on account of Losses, Premiums, Ceding Commission or Inuring Reinsurance Costs, related to or arising under the time an offset is assertedInsurance Contracts; provided, however, that in the event of the insolvency of a Party hereto or any of its Affiliates, offsets shall only be allowed in accordance with the provisions of Applicable Law.

Offset Rights. Except as otherwise expressly provided, each Party hereto, and each of its respective Affiliates at the time an offset is asserted, hereto shall have, and may exercise at any time and from time to time, the right to offset any balance or balances due to the other Party arising under this Agreement at Agreement, and regardless of whether on account of Premiums, Ceding Commissions, or Losses related to or arising under the time an offset is assertedPolicies; provided, however, that in the event of the insolvency of a Party hereto or any of its Affiliates, offsets shall only be allowed in accordance with the provisions of Applicable Law.

Offset Rights. Except as otherwise expressly provided, each Party hereto, and each of its respective Affiliates at the time an offset is asserted, hereto shall have, and may exercise at any time and from time to time, the right to offset any balance or balances due to the other Party arising under this Agreement at Agreement, and regardless of whether on account of Premiums, Ceding Commissions, or Losses related to or arising under the time an offset is assertedFronted Policies; provided, however, that in the event of the insolvency of a Party hereto or any of its Affiliates, offsets shall only be allowed in accordance with the provisions of Applicable Law.

Offset Rights. Except as otherwise expressly provided, each Party hereto, and each of its respective Affiliates at the time an offset is asserted, Each party hereto shall have, and may exercise at any time and from time to time, the right to offset any balance or balances, whether on account of premiums or on account of losses or otherwise, due from such party to the other party hereto under this Agreement, and may offset the same against any balance or balances due to the other Party former from the latter under this Agreement at ; and the time an party asserting the right of offset is asserted; provided, however, that in shall have and may exercise such right whether the event balance or balances due to such party from the other are on account of the insolvency deposits or on account of a Party hereto losses or any of its Affiliates, offsets shall only be allowed in accordance with the provisions of Applicable Lawotherwise.