Pool Interchange Amount means, for each Business Day during a Reporting Period, an amount equal to the aggregate amount of Interchange Fees received by the Seller on such day in respect of the Accounts.
Pool Interchange Amount means, for each Business Day during a Reporting Period, an amount equal to the sum of (i) the lesser of (x) the Pool Interchange Fees received by the Seller on such day; and (y) the Daily Interchange Amount; and (ii) any Pool Interchange Deficiency from any previous day.
Pool Interchange Amount means, for each day during a Determination Period, an amount equal to the product of (a) a fraction, the numerator of which is the aggregate amount of cardholder purchases, net of returns, related to the Accounts on such day and the denominator of which is the aggregate amount of cardholder purchases, net of returns, related to all Mastercard credit card accounts, Canadian Tire credit card accounts and Other Credit Card Accounts in the Seller’s portfolio on such day, as reasonably estimated by the Seller and (b) the aggregate amount of Interchange Fees paid or payable to the Seller on such day;
Examples of Pool Interchange Amount in a sentence
Nothing in this Agreement shall limit the ability of the Seller from time to time in its sole discretion, to voluntarily increase the Pool Interchange Amount.
More Definitions of Pool Interchange Amount
Pool Interchange Amount means, for each Business Day during a Reporting Period, an amount equal to the sum of (a) the lesser of (i) the Pool Interchange Fees received by the Seller on such day, and (ii) the Daily Interchange Amount, and (b) any Pool Interchange Deficiency from any previous day.