Common use of Daily Amount Clause in Contracts

Daily Amount. The Daily Amount shall equal: (a) The Net Settlement Amount for Customer, plus (b) The amount necessary to fund incoming Interchange transactions not yet processed, determined in accordance with the FDR Settlement Rules, minus (c) The amount previously advanced by Customer with respect to prior incoming Interchange transactions for which processing is complete.

Daily Amount. The Daily Amount shall equal: equal (a) The the Net Settlement Amount for Customer, plus plus (b) The the amount necessary to fund incoming Interchange transactions not yet processed, determined in accordance with the FDR Settlement Rules, minus minus (c) The the amount previously advanced by Customer with respect to prior incoming Interchange transactions for which processing is complete.