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OHL USA, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2020 Note 16 - Lines of Credit (cont'd.) In addition, Judlau has an additional line of credit agreement with a second financial institution. Judlau can borrow up to $20,000,000 under this line of credit, with a sublimit of $5,000,000 for standby letters of credit (see Note 19). Interest is payable at either the bank's prime rate (3.25% at December 31, 2020) or 1.75% above the one-month LIBOR rate (for a combined rate of 1.90% at December 31, 2020). The line of credit expires on December 31, 2021 and is secured by substantially all of Judlau's assets. The line is subject to maintenance of certain minimum financial conditions determined solely by the financial institution. At December 31, 2020, there were no outstarding borrowings against the line. Borrowings on the above two lines of credit are subject to an intercreditor agreement entered into by the two financial institutions. Note 17 - Long -Term Debt Long-term debt is summarized as follows: Installment loans payable in equal monthly installments ranging from $467 to $60,259, including interest ranging from 0% to 9.76% per annum, through various periods from March 2021 to July 2024, secured by related equipment with a net value of $12,456,000. $ 8,763,819 Less: Current maturities Long -Term Debt Aggregate maturities of long-term debt are as follows: Years Endina December 31: 2021 2022 2023 2024 Note 18 - Accounts Payable 4.666.120 $ 4,097,699 $ 4,666,120 3,106,522 978,178 12,999 $ 8,763,819 Accounts payable includes amounts due to subcontractors totaling approximately $65,065,000 at December 31, 2020, which has been retained pending completion and customer acceptance of jobs. At December 31, 2020, approximately $21,557,000 is not expected to be paid within one year. 32