Nashville's Eye on the NFL
Default Rate shall mean a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to four percent per annum over the interest rate quoted from time to time by NationsBank of Tennessee, N.A. or its successor as its prime commercial or similar reference rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum nonusurious rate permitted by Applicable Law, with adjustments in that varying rate to be made on the same date as any change in that rate.
Nashville's Eye on the NFL
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