Common use of Special Appointment of Collateral Agent in Relation to South Korea; Certain Lock-Up or Listing Agreements Clause in Contracts

Special Appointment of Collateral Agent in Relation to South Korea; Certain Lock-Up or Listing Agreements. (a) Notwithstanding any other provision of this Agreement, each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent, as creditor in its own right and not as representative of the other Secured Parties, sums equal to and in the currency of each amount payable by such Loan Party to each of the Secured Parties under each of the Loan Documents as and when that amount falls due for payment under the relevant Loan Document or would have fallen due but for any discharge resulting from failure of another Secured Party to take appropriate steps to preserve its entitlement to be paid that amount.