Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 249

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 249
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 letter agreement amendment and to pay certain tax liabilities, (w) the payment, repayment, redemption repurchase or settlement of (i) indebtedness of Liberty Broadband or its subsidiaries as contemplated by certain provisions of the merger agreement or by the stockholders and letter agreement amendment, (ii) revolving borrowings under Liberty Broadband’s margin facility or (iii) term loans under Liberty Broadband’s margin facility to the extent needed to reduce the loan-to-value ratio thereunder to below 50% (subject to Charter having a reasonable opportunity to repurchase shares of Charter Class A common stock from, or to provide loans to Liberty Broadband, or to instruct Liberty Broadband to pledge unencumbered shares of Charter Class A common stock owned by it, in each case, to the extent necessary to so reduce such loan-to-value ratio), (x) the borrowing, payment and repayment of loans provided from Charter to Liberty Broadband in accordance with the merger agreement and the stockholders and letter agreement amendment, (y) certain permitted amendments to Liberty Broadband’s margin loan facility and permitted refinancings thereof, and (z) certain permitted amendments to the indentures governing the exchangeable senior debentures, (3) assume, guarantee, endorse or grant an encumbrance on any assets as security or otherwise become liable for the indebtedness of another person, other than certain permitted encumbrances and guarantees or (4) take any action that would result in a change to the number of reference shares attributable to the exchangeable senior debentures, other than as a result of any action by Charter or any successor to Charter or transactions contemplated by the merger agreement or certain other transaction documents; |

| • | except as required under an existing Liberty Broadband employee benefit plan or agreement in effect on the date of the merger agreement, not, and will cause its subsidiaries (excluding GCI spinco, GCI and their respective subsidiaries to the extent that any such actions would not result in any liability to Charter, Liberty Broadband or any of its non-GCI subsidiaries) not to: |

| • | increase the compensation or benefits of, or grant any new severance, benefits or entitlements to, any employee or former Liberty Broadband employee, non-employee director or other individual service provider; |

| • | make or forgive any loans or advances to, or grant any transaction, retention or change-in-control entitlement to, any current or former employee, non-employee director or other individual service provider, other than advances to any director or