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p. 24 of 46 BACK | NEXT Section 1: Introduction Section 2: Procedures for Exercising Loan Conversion Options Section 3: Limitations, Restrictions and Establishment of Imprest Account Section 4: Basis for Executing Conversion Transactions A. Certain Definitions Relating to Conversion Transactions B. Conversion Dates C. Failure to Effect Conversion During Execution Period D. Types of Conversion Transactions E. Market Transactions F. Currency Conversion of Unwithdrawn Amounts G. Conversion of Withdrawn Amounts H. Partial Maturity Conversion of Withdrawn Amounts I. Interest Rate Cap or Collar J. Conditional Requests K. Notification of Conversion Transactions L. Interest Payments on Conversion Date Section 5: Specified Rate Fixing (SRF) Section 6: Transaction Fees Section 7: Rounding Convention Used in Conversions

Guidelines for Conversion of Loan Terms for ADB LIBOR-Based Loan Product : Section 4: Basis for Executing Conversion Transactions

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A. Certain Definitions Relating to Conversion Transactions

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1. “Conversion Date” means, in respect of a Conversion, the Interest Payment Date (or, in the case of a Currency Conversion of an unwithdrawn amount of the Loan, such other date as ADB shall determine) on which the Conversion enters into effect, as further specified in these Conversion Guidelines.

2. “Conversion Period” means, in respect to a Conversion, the period from and including the Conversion Date to and including the last day of the Interest Period in which said Conversion terminates by its terms; provided, that solely for the purpose of enabling the final payment of interest and principal under a Currency Conversion to be made in the Approved Currency for said Conversion, such period shall end on the Interest Payment Date immediately following the last day of said final applicable Interest Period.

3. “Market Transaction” means an Interest Hedge Transaction or a Currency Hedge Transaction undertaken, or an Interest Rate Cap or Interest Rate Collar purchased by ADB, in the financial markets.

Back Section 4: Basis for Executing Conversion Transactions	Next B. Conversion Dates