Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 238

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 238
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 cause one of its subsidiaries to pay) all dividends declared by the Liberty Broadband Board in accordance with the Liberty Broadband charter on the Liberty Broadband preferred stock to the extent that the payment date for such dividends is after the closing and the record date for such dividends precedes the closing. The declared dividends will be paid by Charter on the payment date to the holders of record of shares of Liberty Broadband preferred stock as of the close of business on the record date therefor. Any dividends declared by the Liberty Broadband Board on the Liberty Broadband preferred stock will be conditioned on the record date occurring prior to the closing of the combination.

No dividends or other distributions declared with respect to Charter Class A common stock or Charter rollover preferred stock will be paid to the holder of any unsurrendered certificate or non-exchanged book-entry shares until the holder thereof has surrendered such certificate or exchanged such book-entry shares in accordance with the merger agreement. Promptly following the surrender or exchange of certificates or book-entry shares of Liberty Broadband common stock or Liberty Broadband preferred stock, the record holders of such shares will be paid, without interest, (i) all dividends and other distributions payable in respect of such shares of Charter Class A common stock or Charter rollover preferred stock, respectively, issued in the merger with a record date after the effective time and a payment date on or prior to the date of such surrender or exchange and not previously paid and (ii) at the appropriate payment date, the dividends or other distributions payable with respect to such shares of Charter Class A common stock or Charter rollover preferred stock issued in the merger, respectively, with a record date after the effective time but with a payment date subsequent to the date of such surrender or exchange.

#### Withholding
**Each of Charter, Merger Sub, Merger LLC, Liberty Broadband and the exchange agent are entitled to deduct and withhold from any amounts otherwise payable pursuant to the merger agreement to any person such amounts as are required to be deducted and withheld with respect to the making of such payment under any applicable tax law. Any amounts so withheld and timely paid to the applicable governmental authority will be treated for all purposes of the merger agreement as having been paid to the person in respect of which such deduction and withholding was made.

Representations and Warranties; Material Adverse Effect

The merger agreement contains representations and warranties made by Liberty Broadband to each of Charter, Merger LLC and Merger Sub and by Charter, Merger LLC and Merger Sub to Liberty Broadband. These representations