Common use of Sale of Shares to Affiliates Clause in Contracts

Sale of Shares to Affiliates. JNLD may sell Trust Shares at net asset value to certain of its, and the Trust's affiliated persons pursuant to the applicable provisions of the Federal securities statutes and rules or regulations thereunder (the "Rules and Regulations"), including Rule 22d-1 under the 1940 Act, as amended from time to time.

Sale of Shares to Affiliates. JNLD may sell Trust Shares at net asset value to certain of its, and the Trust's ’s affiliated persons pursuant to the applicable provisions of the Federal securities statutes and rules or regulations thereunder (the "“Rules and Regulations"”), including Rule 22d-1 under the 1940 Act, as amended from time to time.