With respect to any LIBO RateTerm SOFR Term Loans, at the end of any Interest Period applicable to a Borrowing thereof, Lead Borrower may elect to split the respective Borrowing of a single Type under a single Tranche into two or more Borrowings of different Types under such Tranche or combine two or more Borrowings under a single Tranche into a single Borrowing of the same Type under such Tranche, in each case, by Lead Borrower giving notice thereof together with its election of one or more Interest Periods applicable thereto, in each case so long as each resulting Borrowing # has an Interest Period which complies with the foregoing requirements of this [Section 2.09], # has a principal amount which is not less than the Minimum Borrowing Amount applicable to Borrowings of the respective Type and Tranche, and # does not cause a violation of the requirements of [Section 2.02]. If by 12:00 Noon (New York City time) on the third Business Day prior to the expiration of any Interest Period applicable to a Borrowing of LIBO RateTerm SOFR Term Loans, Lead Borrower has failed to elect, or is not permitted to elect, a new Interest Period to be applicable to such LIBO RateTerm SOFR, Lead Borrower shall be deemed to have elected in the case of LIBO RateTerm SOFR Term Loans, to convert such LIBO Rate Term SOFR Term Loans into Base Rate Term Loans with such conversion to be effective as of the expiration date of such current Interest Period.

Each Borrowing thereof, Lead Borrower may elect to split the respective Borrowing of a single Type under a single Tranche into two or more Borrowings of different Types under such Tranche or combine two or more Borrowings under a single Tranche into a single Borrowinginitially shall be of the same Type under such Tranche,specified in each case, by Lead Borrower giving notice thereof together with its election of one or more Interest Periodsthe applicable thereto, in each case so long as each resulting Borrowing # has an Interest Period which complies with the foregoing requirements of this [Section 2.09], # has a principal amount which is not less than the Minimum Borrowing Amount applicable to Borrowings of the respective Type and Tranche, and # does not cause a violation of the requirements of [Section 2.02]. If by 12:00 Noon (New York City time) on the third Business Day prior to the expiration of any Interest Period applicable to a Borrowing of LIBO RateTerm SOFR Term Loans, Lead Borrower has failed to elect, or is not permitted to elect, a new Interest Period to be applicable to such LIBO RateTerm SOFR, Lead Borrower shall be deemed to have electedRequest and, in the case of LIBO RateTerma Term SOFR Term Loans,Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect, in the case of a Borrowing to convert such LIBO RateBorrowing to a different Type or to continue such Borrowing and, in the case of a Term SOFR Term Loans into Base Rate Term LoansBorrowing, may elect Interest Periods therefor, all as provided in this [Section 2.07]. The Borrower may elect different options with such conversionrespect to be effective asdifferent portions of the expiration date ofaffected Borrowing, in which case each such current Interest Period.portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.