Subject to the terms and conditions set forth herein, each Lender agrees that Borrower may request the Lenders to submit offers to make loans (each such loan, a “ Bid Loan ”) to Borrower pursuant to this Section 2.03 at any time during the Availability Period so long as the Debt Rating by S&P is at least BBB- or the Debt Rating by Moody’s is at least Baa3; provided , however , that after giving effect to any Bid Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of all Bid Loans shall not exceed the Bid Loan Sublimit. There shall not be more than five (5) different Interest Periods in effect with respect to Bid Loans at any time.