Common use of Effective Date and Termination of this Agreement Clause in Contracts

Effective Date and Termination of this Agreement. This Agreement shall become effective at the date and time that the Trust's Post-Effective Amendment to its Registration Statement, reflecting the underwriting arrangements provided by this Agreement, shall become effective under the Securities Act, and shall, unless terminated as provided herein, continue in force for two (2) years from that date, and from year to year thereafter, provided that such continuance for each successive year is specifically approved in advance at least annually by either the Board of Trustees or by the vote of a majority (as defined in the 0000 Xxx) of the outstanding voting securities of the applicable Funds or Class of Shares of the Trust and, in either event, by the vote of a majority of the Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting upon such approval. As used in the preceding sentence, the words "interested persons" shall have the meaning set forth in Section 2(a)(19) of the 1940 Act. This Agreement may be terminated at any time by the Trust, any Fund, or Class without the payment of any penalty by giving JNLD at least thirty (30) days' previous written notice of such intention to terminate. This Agreement may be terminated by JNLD at any time by giving the Trust at least thirty (30) days' previous written notice of such intention to terminate.

Effective Date and Termination of this Agreement. This Agreement shall become effective at the date and time that the Trust's Post-Effective Amendment to its Registration Statement, reflecting the underwriting arrangements provided by this Agreement, shall become effective under the Securities Act, and shall, unless terminated as provided herein, continue in force for two (2) years from that date, and from year to year thereafter, provided that such continuance for each successive year is specifically approved in advance at least annually by either the Board of Trustees or by the vote of a majority (as defined in the 0000 Xxx) of the outstanding voting securities of the applicable Funds or Class of Shares of the Trust and, in either event, by the vote of a majority of the Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting upon such approval. As used in the preceding sentence, the words "interested persons" shall have the meaning set forth in Section 2(a)(19) of the 1940 Act. This Agreement may be terminated at any time by the Trust, any Fund, or Class without the payment of any penalty by the Trust by giving JNLD at least thirty (30) days' previous written notice of such intention to terminate. This Agreement may be terminated by JNLD at any time by giving the Trust at least thirty (30) days' previous written notice of such intention to terminate.

Effective Date and Termination of this Agreement. This Agreement shall become effective at the date and time that the Trust's Company’s Post-Effective Amendment to its Registration Statement, reflecting the underwriting arrangements provided by this Agreement, shall become effective under the Securities Act, and shall, unless terminated as provided herein, continue in force for two (2) years from that date, and from year to year thereafterthrough June 30th of each successive year for each Fund covered by this Agreement, as listed on Schedule A, provided that such continuance for each successive year is specifically approved in advance at least annually by either the Board of Trustees Managers or by the vote of a majority (as defined in the 0000 Xxx) of the outstanding voting securities of the applicable Funds or Class of Shares of the Trust Company and, in either event, by the vote of a majority of the Trustees Managers of the Trust Company who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting upon such approval. As used in the preceding sentence, the words "“interested persons" ” shall have the meaning set forth in Section 2(a)(19) of the 1940 Act. This Agreement may be terminated at any time by the Trust, any Fund, or Class without the payment of any penalty by the Company by giving JNLD at least thirty (30) days' ’ previous written notice of such intention to terminate. This Agreement may be terminated by JNLD at any time by giving the Trust Company at least thirty (30) days' ’ previous written notice of such intention to terminate. This Agreement shall terminate automatically in the event of its assignment. As used in the preceding sentence, the word “assignment” shall have the meaning set forth in Section 2(a)(4) of the 1940 Act.