Collateral Shortfall Overadvances

Collateral Shortfall Overadvances. Shall mean any Overadvances that result from any of the following: (i) a decline in the value of any of the Collateral that is included in the calculation of the Borrowing Base, including, without limitation, the disqualification of any Collateral from 2 inclusion in the Borrowing Base for failure to comply with any of the eligibility criteria set forth in the Senior Lienholders Loan Agreement as in effect on the date of this Agreement for reasons... arising subsequent to such Collateral's inclusion originally in the Borrowing Base, (ii) any act or omission of a Credit Party in violation of any of the Senior Lienholders Documents, (iii) any other similar circumstances not caused by the Agent or the Senior Lienholders, (iv) without duplication of any Protective Advances, the charging to the Borrowers' Revolving Loan Account (as such term is defined in the Senior Lienholders Loan Agreement) when due of interest, fees, costs, expenses, indemnities and other charges with respect to any of the Senior Lienholders Obligations (except with respect to the Senior Lienholders Excluded Obligations), or (v) the imposition by the Agent at any time or from time to time of any Availability Reserve other than the Minimum Availability Reserve which the Agent may elect to establish in its sole and exclusive discretion under the Senior Lienholders Loan Agreement. View More