Loans and Notes Payable. Loans and notes payable consist of the following outstanding principal balances. Payment descriptions refer to principal payments only. September 30, 2023 2022 Loans and Notes Payable 2022 TD Bank Loan, payable in variable annual installments beginning April 2023 through Aprxx 0000 $ 73,300 $ 75,000 2022 JP Morgan Chase Loan, payable in variable annual installments beginning April 2023 through April 2052 73,300 75,000 2020 TD Bank Loan, payable in variable annual installments beginning April 2021 througx Xxxx 0035 94,900 97,300 2020 JP Morgan Chase Loan, payable in fixed annual installments beginning April 2021 through April 2032 39,000 43,333 2016 BAPCC Loan, payable in variable monthly installments beginning July 2016 through June 2023 - 2,810 2015 BAPCC Loan, payable in variable monthly installments beginning October 2015 through September 2025 10,801 16,045 2015 Bank of America Loan, payable in variable annual installments beginning April 2016 through April 2024 14,965 30,390 Other direct borrowings 49,449 58,428 Total Loans and Notes Payable 355,715 398,306 Less: current installments (36,521) (42,591) Loans and Notes Payable, excluding current installments $ 319,194 $ 355,715 The Systems loans and notes payable primarily require compliance with the MTI and, in some (but not all) cases, are secured by the MTI. In addition, the loan or lease agreements underlying the direct and other direct borrowings may contain additional and/or more restrictive covenants and additional events of default than are contained in the MTI and, in the case of the leases, different remedies upon default, as noted in the individual descriptions of the direct borrowings below.
