Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 586

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 586
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 following such determination date or (2) such lesser amount as the Company may specify in writing to Liberty from time to time.

“ Company Common Stock ” means the Company Common Stock (as defined in the Existing Stockholders Agreement).

“ Interim Merger Period ” means the period from the execution of the Merger Agreement until the earlier of (a) the Merger Closing and (b) the termination of the Merger Agreement.

“ Liberty Debt ” means the Company Debt (as defined in the Merger Agreement.

“ Liberty Margin Facility ” means the Company Margin Facility (as defined in the Merger Agreement) or any Permitted Margin Loan Refinancings (as defined in the Merger Agreement).

“ Merger Closing ” means the occurrence of the Closing (as defined in the Merger Agreement).

“ Minimum Liquidity Threshold ” means, as of any Monthly Determination Date, an amount equal to (a) LBC Cash Liabilities minus (b) LBC Available Liquidity; provided that, if the Minimum Liquidity Threshold would result in a number that is a negative number, the Minimum Liquidity Threshold shall be deemed to be zero.

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“ Minimum Repurchase Amount ” means, as of any Monthly Determination Date, an amount equal to the lesser of (a) $100 million and (b) the sum of (1) the amount of cash needed in the reasonable judgment of the Company to maintain unrestricted cash on the balance sheet of Liberty and its Subsidiaries (other than GCI, GCI Spinco and their respective Subsidiaries) of $50 million during the 30 days immediately following such Monthly Determination Date plus (2) the aggregate outstanding principal amount of loans outstanding under the Liberty Margin Facility as of such Monthly Determination Date.

“ Shortfall Amount ” means, for any Repurchase Period, (x) the Repurchase Amount (for the avoidance of doubt, as such amount would have been determined but for the occurrence of a Company Liquidity Event or Company MAE Event) minus (y) the sum of repurchases of Common Stock pursuant to Section 3(a)(ii) and loans provided by the Company pursuant to Section 3(b) during such Repurchase Period.

2. [Reserved] .

3. Repurchases in the Interim Merger Period .

a. Notwithstanding the Existing Stockholders Agreement and the Existing Letter Agreement, commencing with the first Monthly Determination Date following the date here