Common use of Discharge Only Upon Payment In Full Clause in Contracts

Discharge Only Upon Payment In Full. Reinstatement in Certain Circumstances. The Supporting Guarantor's obligations -------------------------------------- under this Guaranty constitute a continuing guaranty and shall remain in full force and effect until either (i) this Guaranty is terminated pursuant to Section 2.16 of Vencor's Credit Agreement or (ii) the Commitments of each Bank shall have been terminated and the Credit Exposure of each Bank shall have been reduced to zero and all amounts payable by Vencor under the Financing Documents shall have been paid in full. If at any time any amount payable by Vencor under any Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Vencor or otherwise, the Supporting Guarantor's obligations under this Guaranty with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Discharge Only Upon Payment In Full. Reinstatement -------------------------------------------------- in Certain Circumstances. The Supporting Guarantor's obligations -------------------------------------- under this ------------------------ Guaranty constitute a continuing guaranty and shall remain in full force and effect until either (i) this Guaranty is terminated pursuant to Section 2.16 216 of Vencor's Credit Agreement or (ii) the Commitments of each Bank shall have been terminated and the Credit Exposure of each Bank shall have been reduced to zero and all amounts payable by Vencor under the Financing Documents shall have been paid in full. If at any time any amount payable by Vencor under any Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Vencor or otherwise, the Supporting Guarantor's obligations under this Guaranty with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Discharge Only Upon Payment In Full. Reinstatement in ----------------------------------------------------- Certain Circumstances. The Supporting Guarantor's obligations -------------------------------------- under this --------------------- Guaranty constitute a continuing guaranty and shall remain in full force and effect until either (i) this Guaranty is terminated pursuant to Section 2.16 of Vencor's Credit Agreement or (ii) the Commitments of each Bank shall have been terminated and the Credit Exposure of each Bank shall have been reduced to zero and all amounts payable by Vencor under the Financing Documents shall have been paid in full. If at any time any amount payable by Vencor under any Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Vencor or otherwise, the Supporting Guarantor's obligations under this Guaranty with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Discharge Only Upon Payment In Full. Reinstatement -------------------------------------------------- in Certain Circumstances. The Supporting Guarantor's obligations -------------------------------------- under this ------------------------ Guaranty constitute a continuing guaranty and shall remain in full force and effect until either (i) this Guaranty is terminated pursuant to Section 2.16 of Vencor's Credit Agreement or (ii) the Commitments of each Bank shall have been terminated and the Credit Exposure of each Bank shall have been reduced to zero and all amounts payable by Vencor under the Financing Documents shall have been paid in full. If at any time any amount payable by Vencor under any Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Vencor or otherwise, the Supporting Guarantor's obligations under this Guaranty with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Discharge Only Upon Payment In Full. Reinstatement -------------------------------------------------- in Certain Circumstances. The Supporting Guarantor's obligations -------------------------------------- under this ------------------------ Guaranty constitute a continuing guaranty and shall remain in full force and effect until either (i) this Guaranty is terminated pursuant to Section 2.16 of Vencor's Credit Agreement or (ii) the Commitments of each Bank shall have been terminated and the Credit Exposure of each Bank shall have been reduced to zero and all amounts payable by Vencor under the Financing Documents shall have been paid in full. If at any time any amount payable by Vencor under any Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Vencor or otherwise, otherwise the Supporting Guarantor's ' s obligations under this Guaranty with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.