Summary  48    Sinclair Broadcast Group  Notes payable, capital leases and the Bank Credit Agreement consisted of the following as of December 31, 2010 and 2009 (in  thousands): Indebtedness under the notes payable, capital leases and the Bank Credit Agreement as of December 31, 2010 matures as  follows (in thousands):  Substantially all of our stock in our wholly-owned subsidiaries has been pledged as security for the Bank Credit Agreement. As of December 31, 2010, our broadcast segment had 28 capital leases with non-affiliates, including 26 tower leases and two  building leases; our other operating divisions segment had 2 capital equipment leases and corporate has one building lease. All of  our tower leases will expire within the next 22 years and the building lease will expire within the next 7 years. Most of our leases  have 5-10 year renewal options and it is expected that these leases will be renewed or replaced within the normal course of  business. For more information related to our affiliate notes and capital leases, see  Note 11. Related Person Transactions . We filed a $500.0 million universal shelf registration statement with the SEC which became effective April 22, 2009 and expires  March 8, 2012. We may use the universal shelf registration statement to issue common and preferred equity, debt securities and  securities convertible into equity.  Notes and Bank  Credit Agreement Capital Leases  Total  2011  $ 18,713 $ 4,946  $ 23,659  2012 113,078 5,090 118,168 2013  4,134  5,218  9,352  2014 17,243 5,359 22,602 2015  256,800  5,406  262,206  2016 and thereafter  762,544  59,418  821,962  Total minimum payments  1,172,512  85,437  1,257,949  Less: Discount on Term Loan B  (5,648)  —  (5,648)  Less: Discount on 6.0% Convertible Debentures, due 2012 (4,015)  —  (4,015)  Less: Discount on 9.25% Senior Secured Second Lien Notes,  due 2017  (12,276) — (12,276) Less: Discount on 8.375% Senior Unsecured Notes, due 2018  (3,507)  —  (3,507)  Less: Amount representing interest (1,459) (41,748) (43,207) $ 1,145,607  $ 43,689  $ 1,189,296  2010 2009 Bank Credit Agreement, Term Loan B  $ 270,000 $ 330,000  Cunningham Term Loan Facility (non-recourse)  21,933  32,900  8.0% Senior Subordinated Notes, due 2012  —  224,663  6.0% Convertible Debentures, due 2012 70,035  134,121  9.25% Senior Secured Second Lien Notes, due 2017  500,000  500,000  4.875% Convertible Senior Notes, due 2018  5,685  37,016  8.375% Senior Unsecured Notes, due 2018  250,000  —  3.0% Convertible Senior Notes, due 2027  5,400  27,667  Capital leases  43,689  43,592  Other operating divisions segment debt (all non-recourse)  48,000  37,756  1,214,742  1,367,715  Plus: Premium on 8.0% Senior Subordinated Notes, due 2012  —  2,734  Less: Discount on Bank Credit Agreement, Term Loan B  (5,648)  (6,449)  Less: Discount on 6.0% Convertible Debentures, due 2012 (4,015)  (11,639)  Less: Discount on 9.25% Senior Secured Second Lien Notes, due 2017  (12,276)  (13,481)  Less: Discount on 8.375% Senior Unsecured Notes, due 2018  (3,507)  —  Less: Discount on 3.0% Convertible Notes, due 2027  —  (284)  Less: Current portion  (19,556)  (40,632)   $ 1,169,740   $ 1,297,964 