Common use of QIU Clause in Contracts

QIU. If the Investor or any of its Affiliates, including BRS, reasonably determines that a Qualified Independent Underwriter is required to participate in the transactions contemplated by the Transaction Documents in order for such transactions to be in full compliance with the rules and regulations of FINRA, including, without limitation, FINRA Rule 5121, each of the parties hereto shall have executed such documentation as may reasonably be required to engage a Qualified Independent Underwriter to participate in the transactions contemplated by the Transaction Documents in accordance with the rules and regulations of FINRA, including, without limitation, FINRA Rule 5121 (including an engagement agreement setting for the terms of such engagement of such Qualified Independent Underwriter, including the amount and form of compensation to be paid to such Qualified Independent Underwriter and the party or parties responsible for payment of such compensation), and shall have paid the amount of such compensation required to be paid by such parties (as applicable) directly to such Qualified Independent Underwriter, at such time and in such manner as required under the terms of such engagement agreement with such Qualified Independent Underwriter.