Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 239

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 239
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| • | employee benefit plans; |

| • | employment and labor matters; |

| • | material contracts; and |

| • | affiliate transactions |

The merger agreement also contains additional representations and warranties of Charter, Merger Sub and Merger LLC relating to, among other things, the following:

| • | operations of Merger Sub and Merger LLC; and |

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| • | the sufficiency of funds for the payment of certain expenses and repayment of certain Liberty Broadband debt on the closing date. |

For all purposes of the merger agreement, each party agreed that none of the representations and warranties of Liberty Broadband (other than certain tax-related representations and warranties) set forth in the merger agreement or in any certificate delivered by Liberty Broadband to Charter pursuant to the merger agreement are being made with respect to Charter, the company of which Liberty Broadband holds portfolio securities, their respective subsidiaries or their respective businesses and further, upon the consummation of the GCI divestiture, GCI spinco, GCI, their respective subsidiaries and the GCI business will be excluded from such representations and warranties, in each case, subject to certain exceptions. Additionally, for all purposes of the merger agreement, each party agreed that none of the representations and warranties of Charter, Merger Sub or Merger LLC (other than certain tax-related representations and warranties) set forth in the merger agreement or in any certificate delivered by Charter to Liberty Broadband pursuant to the merger agreement are being made with respect to the company of which Charter holds portfolio securities, its subsidiaries or their respective businesses, subject to certain exceptions. The representations and warranties of each of Liberty Broadband, Charter, Merger LLC and Merger Sub will expire upon the effective time. Many of the representations of Liberty Broadband are qualified by a “material adverse effect” standard (that is, they will not be deemed to be untrue or incorrect unless their failure to be true or correct has or would be reasonably expected to have a material adverse effect). A “ material adverse effect” with respect to Liberty Broadband for purposes of the merger agreement means any change, effect, event, occurrence, state of facts or development that, individually or in the aggregate, has had or would reasonably be expected to have a material adverse effect on the business, properties, assets, liabilities, results of operations or financial condition of Liberty Broadband and its subsidiaries, taken as a whole, except that none of the following will constitute or be taken into account in determining whether a material adverse effect