Either way it's midday (4)
I believe the answer is:
noon
This clue is a double definition.
'either way' is the first definition.
'midday' is the second definition.
(synonyms)
'it's' acts as a link.
(Other definitions for noon that I've seen before include "Twelve o'clock in the day" , "See 8" , "12 o'clock" , "A moment of time" , "High time of day?" .)