Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 251

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 251
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 business) of the limitation period applicable to any claim for or assessment of taxes in excess of $1 million relating to Liberty Broadband or any of its non-GCI subsidiaries, (5) change any material method of tax accounting, (6) enter into any closing agreement pursuant to Section 7121 of the Code (or any similar provision of state, local or foreign law), (7) apply for any tax ruling, (8) file any amended U.S. federal income or other material tax return, (9) enter into any tax allocation indemnity sharing or similar agreement (other than any provisions contained in commercial agreements entered into the ordinary course of business the primary purpose of which does not relate to taxes), or (10) initiate or enter into any voluntary disclosure agreement or similar agreement with any governmental authority with respect to taxes in excess of $1 million; |

| • | not, and will cause its subsidiaries not to, authorize or enter into any commitment for any capital expenditures that would result in the aggregate amount of such capital expenditure authorizations, commitments and spend after the date of the merger agreement exceeding $25 million during any 12-month period; |

| • | not, and will cause its subsidiaries not to, (1) enter into any new line of business, other than the lines of business in which Liberty Broadband and its subsidiaries are currently engaged or (2) establish any non-wholly owned subsidiary or joint venture; |

| • | not, and will cause its subsidiaries not to, pay, discharge, settle, compromise or fail to defend any governmental actions or orders, other than (1) in the ordinary course consistent with past practice where the amounts paid or to be paid by Liberty Broadband and its subsidiaries are less than $25 million in the aggregate (net of amounts covered by Liberty Broadband’s and its subsidiaries’ insurance policies), (2) settlements that do not involve the admission of wrongdoing by Liberty Broadband or its subsidiaries and (3) settlements that do not impose restrictions (in any material respect) on the business of Liberty Broadband or any of its subsidiaries, or on the surviving corporation or the surviving company, as applicable, after the effective time of the merger or the effective time of the upstream merger; |

| • | not adopt or implement any stockholder rights plan, “poison pill” or similar anti-takeover agreement or plan that would prohibit, restrict or delay or otherwise be applicable to, the merger; |

| • | not, and will cause its subsidiaries not to, amend (other