Common use of Assumption and Satisfaction of Mississippi Business and Non-Mississippi Business Liabilities Clause in Contracts

Assumption and Satisfaction of Mississippi Business and Non-Mississippi Business Liabilities. From and after the Distribution Date, (a) Lakes shall, and/or shall cause the Non-Mississippi Subsidiaries to, assume, pay, perform and discharge in due course all of the Non-Mississippi Group Liabilities (including the Indian Guarantees and the Stratosphere Liabilities); and; (b) Company shall, and/or shall cause the Mississippi Subsidiaries to, assume, pay, perform and discharge in due course all of the Mississippi Group Liabilities (including the Non-Mississippi Subsidiaries Note Guarantees).