API Fees Clause Samples
The API Fees clause defines the charges that a user or client must pay to access and use an API provided by another party. Typically, this clause outlines the fee structure, such as whether fees are charged per request, per user, or on a subscription basis, and may specify payment terms, invoicing procedures, and consequences for late payment. By clearly establishing the financial obligations related to API usage, this clause ensures both parties understand the costs involved and helps prevent disputes over payment.
API Fees. Exchanger agrees to compensate API for the performance of the services of API as described herein for the disposition of the Relinquished Property and the acquisition of the Replacement Property. This fee shall be as follows:
(1) The sum of $700.00 for the first Relinquished Property closing, and $200.00 for each additional Relinquished Property closing. In the event Exchanger request that API hold a seller-carry-back promissory note, a note- processing fee of $200.00 will be collected. In the event of a delayed exchange, API will deduct API's fee from the net cash exchange proceeds received by API. In the event of a simultaneous exchange, API's fees will be collected at closing; AND
(2) There will be no fee for the first Replacement Property closing. The sum of $200.00 will be charged for each additional Replacement Property closing. In the event of a delayed exchange, API will deduct API's fee from the net cash exchange proceeds received by
API Fees. Absent the Broker providing a proprietary Fix API to connect the PLATFORM to the Broker directly, TRADINGMOTION will use a 3rd Party FIX API, including but not limited to CQG, CTS, and TT, to connect the PLATFORM to Broker for order execution. Broker will be invoiced directly by the 3rd Party Fix API provider per their existing agreements with said provider, and shall be responsible for such payments. Specifically, TRADINGMOTION shall not be responsible for any fees due the 3rd Party Fix API Provider for orders originating from the PLATFORM.
API Fees