Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 75

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 75
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 in all material respects with the merger agreement has not been a primary cause of the failure of the effective time to occur on or before the drop dead date, and so long as there is no pending action brought by the other party to enforce the provisions of the merger agreement; |

| • | if any governmental authority has issued or granted an order or taken any other action permanently restraining, enjoining or otherwise prohibiting the combination or the other transactions contemplated by the transaction documents and such order or other action is, or has become final and non-appealable, provided that this right to terminate the merger agreement is not available to a party if a material breach by such party of its obligations to use reasonable best efforts to obtain the requisite regulatory approvals for the combination has been a primary cause of the issuance of such order or other action; |

| • | pursuant to the Liberty Broadband vote down termination right; or |

| • | pursuant to the Charter vote down termination right. |

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| • | by Liberty Broadband: |

| • | pursuant to the parent adverse recommendation change termination right; |

| • | pursuant to the Charter breach termination right; or |

| • | by Charter: |

| • | pursuant to the company adverse recommendation change termination right; or |

| • | pursuant to the Liberty Broadband breach termination right. |

For more information, see “The Merger Agreement—Termination.” Termination Fee (page 148) The merger agreement provides for the payment of a termination fee if the merger agreement is terminated under the following circumstances:

| • | Liberty Broadband will pay to Charter a $460 million termination fee if: |

| • | prior to the date on which the vote is taken to approve the adoption of the merger agreement by the holders of shares of Liberty Broadband Series A common stock, Liberty Broadband Series B common stock and Liberty Broadband preferred stock, Charter terminates the merger agreement pursuant to the company adverse recommendation change termination right; or |

| • | (i) either party terminates the merger agreement pursuant to the drop dead date termination right or the Liberty Broadband vote down termination right, or Charter terminates the merger agreement pursuant to the Liberty Broadband breach termination right, (ii) prior to such termination (or, in the case of a termination pursuant to the Liberty Broadband vote down termination right, prior to the Liberty Broadband special meeting), an alternative company transaction proposal is publicly announced or publicly made known to the Liberty Broadband stockholders (or, in the case of a