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p. 30 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Types of Conversion Transactions E. Market Transactions F. Currency Conversion of Unwithdrawn Amounts G. Conversion of Withdrawn Amounts H. Partial Maturity Conversion of Withdrawn Amounts I. Interest Rate Cap or Collar J. Conditional Requests K. Notification of Conversion Transactions L. Interest Payments on Conversion Date Section 5: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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G. Conversion of Withdrawn Amounts

4.16 Interest Rate Payable Following Interest Rate Conversion: Upon an Interest Rate Conversion applicable to all or any portion of the principal amount of the Loan, the Borrower shall, in respect of each Interest Period during the Conversion Period, pay interest on such principal amount withdrawn and outstanding from time to time at the Floating Rate or the Fixed Rate, whichever applies to said Conversion.

4.17 Principal Payable Following Currency Conversion: As described in Section 5.03 of the Loan Regulations, the principal amount of the Loan so converted shall be determined by ADB by multiplying the amount to be so converted in its currency of denomination immediately prior to said Conversion by either: (i) the exchange rate that reflects the amounts of principal in the Approved Currency payable by ADB under the Currency Hedge Transaction relating to said Conversion; or (ii) the exchange rate component of the Screen Rate. The Borrower shall repay such principal amount in such Approved Currency in accordance with the provisions of the Loan Agreement.

4.18 Interest Payable Following Currency Conversion: Upon a Currency Conversion of all or any portion of the withdrawn principal amount of the Loan to an Approved Currency, the Borrower shall, in respect of each Interest Period during the Conversion Period, pay interest on such principal amount withdrawn and outstanding from time to time at the Floating Rate or the Fixed Rate, whichever applies to said Conversion.

4.19 Screen Rates for Interest Rate Conversion: Notwithstanding the provisions of paragraphs 4.7 to 4.9 above, ADB will select and apply a Screen Rate (displayed by an established information vendor) to effect Interest Rate Conversions only in the following two cases:

1. if, in the opinion of ADB, the amount of an Interest Rate Conversion is not large enough to warrant entering into a Market Transaction; or

2. if, in the opinion of ADB, it is more efficient to combine a number of Requests for Interest Rate Conversions (i.e., in respect of other loans to the Borrower and/or Loans to other Borrowers) and undertake one consolidated Market Transaction on the basis of the combined amounts and repayment schedules of all Conversions so requested. In that case, ADB may determine the new interest rate payable following each such conversion on the basis of the relevant Screen Rate.

Back F. Currency Conversion of Unwithdrawn Amounts	Next H. Partial Maturity Conversion of Withdrawn Amounts