Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 242

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 242
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 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 respective businesses, assets, properties, liabilities, results of operations and/or financial condition of the company of which Liberty Broadband holds portfolio securities and its subsidiaries, or, from and after the GCI divestiture, GCI and its subsidiaries (however the underlying facts or occurrences giving rise or contributing to such material adverse effect (to the extent not otherwise excluded by the definition) may be taken into account when determining whether a material adverse effect has occurred); or |

| • | certain items set forth in confidential disclosure letter provided by Liberty Broadband to Charter in connection with the merger agreement. |

In the case of the first, second, third and fifth bullets above, to the extent that such changes, effects, events, occurrences, state of facts or developments affect Liberty Broadband and its subsidiaries in a disproportionate manner relative to other participants in the industries in which Liberty Broadband and its subsidiaries participate, only the incremental disproportionate effect may be taken into account in determining whether there has been a material adverse effect with respect to Liberty Broadband. Additionally, the businesses, assets, properties, liabilities, results of operations and/or financial condition of Charter, the company of which Liberty Broadband holds portfolio securities and their respective subsidiaries, and, from and after the consummation of the GCI divestiture, GCI spinco (as defined below), GCI and their respective subsidiaries, and any change, effect, event, occurrence, state of facts or development with respect thereto, will be excluded for purposes of any determination as to the existence of a material adverse effect with respect to Liberty Broadband, except, subject to the eighth and ninth bullets of the definition above, to the extent such change, effect, event, occurrence, state of facts or development independently impacts Liberty Broadband or any of its subsidiaries (excluding, from and after the consummation of the GCI divestiture, GCI spinco, GCI or any of their respective subsidiaries), in which case such change, effect, event, occurrence, state of facts or development will only be taken into account for purposes of a material adverse effect with respect to Liberty Broadband to the extent of such independent impact thereon. Many of the representations of Charter are also qualified by a “material adverse effect” standard (that is, they will not be deemed to be untrue or incorrect unless their failure to