Borrowing Base Trigger Event

Borrowing Base Trigger Event. (a) the public announcement by Moody's or S&P that the Index Debt is rated Ba3 or lower from Moody's or BB- or lower from S&P or if the Index Debt is unrated by Moody's and S&P or (b) the Borrower or one of its Restricted Subsidiaries creates, assumes or suffers to exist any Enumerated Lien.