Interest

Interest. The dollar value of any Overdue Silver Ounces from time to time outstanding shall accrue interest at the Federal Funds Rate plus 800 basis points once such deliveries are overdue. Interest shall be calculated, compounded and paid quarterly and shall be calculated on an amount equal to the product of (1) the number of ounces of Refined Silver subject to such overdue delivery, multiplied by (2) the Silver Market Price on the date at which the Seller's corresponding delivery obligation was originally due. Without duplicating interest payable in accordance with Section 10.5(a), any dollar amount not paid when due shall accrue interest at the Federal Funds Rate plus 800 basis points once such payments are overdue. Interest shall be calculated, compounded and paid quarterly.