How does the liability of the non-Insolvent get reduced?
The liability of the non-Insolvent gets reduced by any amount that is paid to or received by the Liquidator or any other liquidator or receiver of the Foreign Party in its Home Country or any other country in respect of the Foreign Party Net Payment Entitlement pursuant to such Multi-Branch Netting Agreement. The reduction is done to ensure that the liability does not exceed the Foreign Party Net Payment Entitlement.