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2030 503 , 000 2040 421 , 000 <br /> 2031 502 , 000 2041 420 , 000 <br /> 2032 502 , 000 2042 420 , 000 <br /> 2033 502 , 000 2043 420 , 000 <br /> 2034 502 , 000 <br /> ( d) Exhibit D shows a schedule of payments due on the 2023 Bonds with <br /> respect to each Payment Date . Upon any change to the 2023A Interest Rate or the <br /> 2023B Interest Rate, the affected Bondholder shall promptly prepare a substitute <br /> Exhibit D reflecting the new interest rate and resulting; payment schedule, and <br /> deliver a copy of the new schedule to the County, the Trustee and to the LGC . The <br /> Trustee has no responsibility to calculate any new payments , with those matters <br /> lying only between the County and the affected Bondholders . <br /> Section 1 . 05 . Rate Changes upon 'taxability. Upon any Determination of <br /> Taxability or Event of Taxability, ( a) the principal of the 2023 Bonds will remain <br /> ided in Section 1 . 04 , but (b) the unpaid <br /> payable on dates and in amounts as prov <br /> principal of the 2023 Bonds will, from and after the Date of Taxability, bear interest <br /> at the rate that will provide to each affected Bondholder the effective yield which it <br /> would have received if there had not been a Determination of Taxability or an Event <br /> of Taxability (the "Alternative Rate of Interest" ) , payable from and after the Date of <br /> Taxability. If a Determination of Taxability or Event of Taxability only applies to the <br /> 2023A or the 2023B Bond, then only the affected 2023 Bond will be subject to the <br /> Alternative Rate of Interest. <br /> The County shall also pay to each affected Bondholder, upon the Bondholder ' s <br /> demand, (1) the difference between interest paid and interest that would have been <br /> due at the Alternative Rate of Interest for all Payment Dates from the Date of <br /> Taxability to the demand date, and (ii) all amounts which may be necessary to <br /> reimburse the Bondholder for any interest, penalties or other charges assessed by <br /> the United States Internal Revenue Service or the North Carolina Department of <br /> Revenue against the Bondholder by reason of the Bondholder ' s failure to include the <br /> interest paid by the County on the 2023 Bonds in its gross income for income tax <br /> purposes . The County shall pay to each affected Bondholder interest calculated at <br /> the Alternative Rate of Interest notwithstanding any transfer by the Bondholder or <br /> payment or prepayment by the County prior to the Determination of Taxability. <br /> 5 <br />