XAI Floating Rate & Alternative Income Trust XFLT

mechanism = NAV...m Amount”). The Initial Tender Offer shall be subject to the conditions set forth in Paragraph 6 below. b. The Initial Tender Offer shall include the following terms: i. Shareholders shall have the opportunity to tender some or all of their Common Shares at a price equal to 98% of the Fund’s net asset value per share (“NAV”) as determined as of the close of the regular trading session of the New York Stock Exchange (the “NYSE”) on the expiration date of the Initial Tender Offer. ii. The Fund shall purchase Common Shares tendered and not withdrawn on a prorated basis up to the Initial Tender Maximum Amount if greater than the Initial Tender Maximum Am...

txn_type = TENDER_OFFER...es amend or waive any provision of Sections 2(b) (including this sentence) or for the Board to specifically invite Bulldog Investors or any of its Affiliates to take any of the actions prohibited by Sections 2(b). (v) If the Fund fails to commence the Initial Tender Offer (as defined in Appendix A) within 60 days after the receipt of shareholder approval of the Proposal or any required Contingent Tender Offer (as defined in Appendix A), in each case within 60 days after the end of the Measurement Period or Second Measurement Period, as applicable, in accordance with the terms of Appendix A, this Agreement...