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;

Appears in 4 contracts

Samples: Distribution Agreement (Park Place Entertainment Corp), Merger Agreement (Hilton Hotels Corp), Distribution Agreement (Lakes Gaming Inc)

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