RIGHT TO OFFSET BALANCES DUE. All moneys due either the Retrocedent or the Retrocessionaire under this Agreement shall be offset against each other, dollar for dollar, regardless of any insolvency of the other party.
Appears in 3 contracts
Sources: Automatic Retrocession Agreement (Brighthouse Variable Annuity Account C), Automatic Retrocession Agreement (Brighthouse Separate Account A), Automatic Retrocession Agreement (Brighthouse Separate Account A)