Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 248

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 248
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, or issue or authorize the issuance of any other securities in substitution for capital stock of Liberty Broadband or its subsidiaries, other than (i) in connection with any GCI divestiture, (ii) the issuance of any replacement certificates in respect of lost or destroyed certificates representing shares of Liberty Broadband capital stock, (iii) in connection with the exercise, settlement or vesting of any Liberty Broadband equity awards, including the withholding of shares to satisfy withholding tax obligations in respect of Liberty Broadband equity awards, (iv) the conversion of Liberty Broadband Series B common stock pursuant to the Liberty Broadband certificate of incorporation, or (v) the exchange of shares of Liberty Broadband Series B common stock for shares of Liberty Broadband Series C common stock (or vice versa) in accordance with the Malone exchange agreement or the Malone exchange side letter; |

| • | redeem, purchase or otherwise acquire, directly or directly, any shares of capital stock or other equity interests of Liberty Broadband or any of its subsidiaries, other than (i) in connection with any GCI divestiture, (ii) the issuance of any replacement certificates in respect of lost or destroyed certificates representing previously existing shares of Liberty Broadband capital stock, (iii) in connection with the exercise, settlement or vesting of any Liberty Broadband equity awards, (iv) the conversion of Liberty Broadband Series B common stock pursuant to the Liberty Broadband charter, or (v) the exchange of shares of Liberty Broadband Series B common stock for shares of Liberty Broadband Series C common stock (or vice versa) in accordance with the Malone exchange agreement or the Malone exchange side letter; |

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| • | not, and will cause its subsidiaries not to, (1) make loans, advances, capital contributions to or investments in any other person, other than certain intercompany investments in the ordinary course of business that would not reasonably be expected to result in a material adverse tax consequence, (2) incur, assume, prepay, repay, amend or modify any indebtedness, other than (v) the incurrence of revolving borrowings under Liberty Broadband’s margin facility to pay ordinary course working capital expenses (up to $25 million at any time outstanding for such purpose), to pay fees and expenses in connection with the transactions contemplated by or expressly permitted by the merger agreement, to pay, repay, redeem, repurchase or settle any indebtedness of Liberty Broadband or its subsidiaries in accordance with the merger agreement and the stockholders and