Common use of Payment Clause in Contracts

Payment. 7.1 In the event of a successful bid, the Buyer shall pay the Hammer Price of the lot to Il Ponte, in addition to a buyer's premium of 25% (if the auction was held at the saleroom of Il Ponte in Milan, Via Pontaccio 12) or 35% (if the auction was held at the saleroom of Il Ponte in Milan, Xxx Xxxxxxx 0/00) of the Hammer Price (in addition, to the payment of any other amount due to Il Ponte under these General Terms and Conditions related to the lot sold) (Amount Due). 7.2 The Buyer undertakes to pay the Amount Due no later than ten days from the day following the date of the sale. 7.3 The transfer of ownership of the lot will take place only when payment is made by the Buyer of the Amount Due. 7.4 In the event of failure to pay or delay in payment by the Buyer, in whole or in part, of the Amount Due, Il Ponte has the right to request the fulfilment or to terminate the sale contract pursuant to Article 1456 of the Civil Code, by giving written notice to the Buyer, without prejudice in any case to compensation for any damages. Il Ponte may also deposit the lot in the custody of a third party or, alternatively, in its own custody and charge the Buyer € 10.00 per day for storage, in all cases at the Buyer's risk and expenses. 7.5 Each lot can be paid by cashier’s check, credit card, debit card, bank transfer or cash, within the limits specified in paragraph 7.9. 7.6 Payment of the lot can be made in Milan at the offices of Il Ponte in Xxx Xxxxxxxxx 00 or in Xxx Xxxxxxx 0/00 (according to where the auction was held) during the following office hours: Mon-Ven. 9 am to 1 pm; 2 pm to 5:30 pm (excluding public holidays in Italy). 7.7 The following credit cards are accepted: American Express, Diners, Visa and MasterCard. Payment can be made exclusively by the owner of the credit card. 7.8 The bank details for wire transfers are the following: IBAN IT 51H0832950860000000011517; Swift code no. XXXXXXXX000; Beneficiary: Il Ponte - Casa d’Aste Srl. In the space for “reason for payment” (causale), please provide your full name and the invoice number. 7.9 Il Ponte can accept single or multiple payments in cash only for amounts less than € 2,999.99. 7.10 Il Ponte has the right to control the source of the payments it receives and to refuse payments from people other than the Buyer. 7.11 Pursuant to Legislative Decree 231/07 and subsequent amendments and additions and in full compliance with the provisions of Legislative Decree 196/2003 (Privacy Code) and EU Regulation 2016/679, Il Ponte will require from all customers the data necessary to the fulfillment of the obligations of adequate verification of the Customer and of the beneficial owner.

Payment. 7.1 In the event of a successful bid, the Buyer shall pay the Hammer Price of the lot to Il Ponte, in addition to a buyer's ’s premium of 25% (if the auction was held at the saleroom of Il Ponte in Milan, Via Pontaccio 12) or 35% (if the auction was held at the saleroom of Il Ponte in Milan, Xxx Xxxxxxx 0/00) of the Hammer Price (in both cases VAT shall be inclu- ded if applicable) in addition, to the payment of any other amount due to Il Ponte under these General Terms and Conditions (see also § 6.4) related to the lot sold) sold (Amount Due). 7.2 The Buyer undertakes to pay the Amount Due no later than ten days from the day following the date of the sale. 7.3 The transfer of ownership of the lot will take place only when payment is made by the Buyer of the Amount Due. 7.4 In 3In the event of failure to pay or delay in payment by the Buyer, in whole or in part, of the Amount Due, Due within the aforementioned imperative time-limit Il Ponte has the right to request the fulfilment or to terminate the sale contract pursuant to Article 1456 of the Italian Civil Code, by giving simple written notice to the Buyernotice. In this event, without prejudice Il Ponte shall have in any case the right to receive the payment of a penalty corresponding to the double of the purchase commissions that the defaulting Buyer should have paid, as well as to possible further compensation for any grea- ter damages. Il Ponte may also deposit the lot in the custody of a third party or, alternatively, in its own custody and charge the Buyer € 10.00 per day for storage, in all cases at shall be entitled to retain any advanced payment made by the Buyer's risk and expenses. 7.5 7.4 Each lot can be paid by cashier’s check, credit card, debit card, bank transfer or cash, within the limits specified in paragraph 7.9of the law. 7.6 7.5 Payment of the lot can be made in Milan at the offices of Il Ponte in Xxx Xxxxxxxxx 00 or in Xxx Xxxxxxx 0/00 (according to where the auction was held) during the following office hours: Mon-Ven. 9 am to 1 pm; 2 pm to 5:30 pm (excluding public holidays in Italy). 7.7 7.6 The following credit cards are accepted: American Express, Diners, Visa and MasterCardMaster- Card. Payment can be made exclusively by the owner of the credit card. 7.8 7.7 The bank details for wire transfers are the following: IBAN IT 51H0832950860000000011517; Swift code no. XXXXXXXX000; Beneficiary: Il Ponte - Casa d’Aste Srl. In the space for “reason for payment” (causale), please provide your full name and the invoice number. 7.9 Il Ponte can accept single or multiple payments in cash only for amounts less than € 2,999.99. 7.10 7.8 Il Ponte has the right to control the source of the payments it receives and to refuse payments from people other than the Buyer. 7.11 7.9 Pursuant to the Italian Legislative Decree 231/07 no.231/07 and subsequent amendments and additions and in full compliance with the provisions of the Italian Legislative Decree 196/2003 (Privacy Code) and EU Regulation 2016/679, Il Ponte will require from all customers cu- stomers the data necessary to the fulfillment fulfilment of the obligations of adequate verification of the Customer and of the beneficial owner. In the event of formal request from Authorities and Public Administration, and in any other circumstances provided for by law, Xx Xxxxx shall be entitled to provide the name and contact details of the Buyer.

Payment. 7.1 In the event of a successful bid, the Buyer shall pay the Hammer Price of the lot to Il Ponte, in addition to a buyer's ’s premium of 2526% (if the auction was held at the saleroom of Il Ponte in Milan, Via Pontaccio 12) or 35% (if the auction was held at the saleroom of Il Ponte in Milan, Xxx Xxxxxxx 0/00) of the Hammer Price (in both cases VAT shall be inclu- ded if applicable) in addition, to the payment of any other amount due to Il Ponte under these General Terms and Conditions (see also § 6.4) related to the lot sold) sold (Amount Due). 7.2 The Buyer undertakes to pay the Amount Due no later than ten days from the day following the date of the sale. 7.3 The transfer of ownership of the lot will take place only when payment is made by the Buyer of the Amount Due. 7.4 In the event of failure to pay or delay in payment by the Buyer, in whole or in part, of the Amount Due, Due within the aforementioned imperative time-limit Il Ponte has the right to request the fulfilment or to terminate the sale contract pursuant to Article 1456 of the Italian Civil Code, by giving simple written notice to the Buyernotice. In this event, without prejudice Il Ponte shall have in any case the right to receive the payment of a penalty corresponding to the double of the purchase commissions that the defaulting Buyer should have paid, as well as to possible further compensation for any grea- ter damages. Il Ponte may also deposit the lot in the custody of a third party or, alternatively, in its own custody and charge the Buyer € 10.00 per day for storage, in all cases at shall be entitled to retain any advanced payment made by the Buyer's risk and expenses. 7.5 7.4 Each lot can be paid by cashier’s check, credit card, debit card, bank transfer or cash, within the limits specified in paragraph 7.9of the law. 7.6 7.5 Payment of the lot can be made in Milan at the offices of Il Ponte in Xxx Xxxxxxxxx 00 or in Xxx Xxxxxxx 0/00 (according to where the auction was held) during the following office hours: Mon-Ven. 9 am to 1 pm; 2 pm to 5:30 pm (excluding public holidays in Italy). 7.7 7.6 The following credit cards are accepted: American Express, Diners, Visa and MasterCardMaster- Card. Payment can be made exclusively by the owner of the credit card. 7.8 7.7 The bank details for wire transfers are the following: IBAN IT 51H0832950860000000011517; Swift code no. XXXXXXXX000; Beneficiary: Il Ponte - Casa d’Aste Srl. In the space for “reason for payment” (causale), please provide your full name and the invoice number. 7.9 Il Ponte can accept single or multiple payments in cash only for amounts less than € 2,999.99. 7.10 7.8 Il Ponte has the right to control the source of the payments it receives and to refuse payments from people other than the Buyer. 7.11 7.9 Pursuant to the Italian Legislative Decree 231/07 no.231/07 and subsequent amendments and additions and in full compliance with the provisions of the Italian Legislative Decree 196/2003 (Privacy Code) and EU Regulation 2016/679, Il Ponte will require from all customers cu- stomers the data necessary to the fulfillment fulfilment of the obligations of adequate verification of the Customer and of the beneficial owner. In the event of formal request from Authorities and Public Administration, and in any other circumstances provided for by law, Xx Xxxxx shall be entitled to provide the name and contact details of the Buyer.

Payment. 7.1 In the event of a successful bid, the Buyer shall pay the Hammer Price of the lot to Il Ponte, in addition to a buyer's ’s premium of 2526% (if the auction was held at the saleroom of Il Ponte in Milan, Via Pontaccio 12) or 35% (if the auction was held at the saleroom of Il Ponte in Milan, Xxx Xxxxxxx 0/00) Via Medici del Vascello 8) of the Hammer Price (in both cases VAT shall be included if applicable) in addition, to the payment of any other amount due to Il Ponte under these General Terms and Conditions (see also § 6.4) related to the lot sold) sold (Amount Due). 7.2 The Buyer undertakes to pay the Amount Due no later than ten days from the day following the date of the sale. 7.3 The transfer of ownership of the lot will take place only when payment is made by the Buyer of the Amount Due. 7.4 In the event of failure to pay or delay in payment by the Buyer, in whole or in part, of the Amount Due, Due within the aforementioned imperative time-limit Il Ponte has the right to request the fulfilment or to terminate the sale contract pursuant to Article 1456 of the Italian Civil Code, by giving simple written notice to the Buyernotice. In this event, without prejudice Il Ponte shall have in any case the right to receive the payment of a penalty corresponding to the double of the purchase commissions that the defaulting Buyer should have paid, as well as to possible further compensation for any grea- ter damages. Il Ponte may also deposit the lot in the custody of a third party or, alternatively, in its own custody and charge the Buyer € 10.00 per day for storage, in all cases at shall be entitled to retain any advanced payment made by the Buyer's risk and expenses. 7.5 7.4 Each lot can be paid by cashier’s check, credit card, debit card, bank transfer or cash, within the limits specified in paragraph 7.9of the law. 7.6 7.5 Payment of the lot can be made in Milan at the offices of Il Ponte in Xxx Xxxxxxxxx 00 or in Xxx Xxxxxxx 0/00 Xxxxxx xxx Xxxxxxxx 0 (according to where the auction was held) during the following office hours: Mon-Ven. 9 am to 1 pm; 2 pm to 5:30 pm (excluding public holidays in Italy). 7.7 7.6 The following credit cards are accepted: American Express, Diners, Visa and MasterCardMaster- Card. Payment can be made exclusively by the owner of the credit card. 7.8 7.7 The bank details for wire transfers are the following: IBAN IT 51H0832950860000000011517; Swift code no. XXXXXXXX000; Beneficiary: Il Ponte - Casa d’Aste Srl. In the space for “reason for payment” (causale), please provide your full name and the invoice number. 7.9 Il Ponte can accept single or multiple payments in cash only for amounts less than € 2,999.99. 7.10 7.8 Il Ponte has the right to control the source of the payments it receives and to refuse payments from people other than the Buyer. 7.11 7.9 Pursuant to the Italian Legislative Decree 231/07 no.231/07 and subsequent amendments and additions and in full compliance with the provisions of the Italian Legislative Decree 196/2003 (Privacy Code) and EU Regulation 2016/679, Il Ponte will require from all customers cu- stomers the data necessary to the fulfillment fulfilment of the obligations of adequate verification of the Customer and of the beneficial owner. In the event of formal request from Authorities and Public Administration, and in any other circumstances provided for by law, Xx Xxxxx shall be entitled to provide the name and contact details of the Buyer.

Payment. 7.1 In the event of a successful bid, the Buyer shall pay the Hammer Price of the lot to Il Ponte, in addition to a buyer's ’s premium of 2526% (if the auction was held at the saleroom of Il Ponte in Milan, Via Pontaccio 12) or 35% (if the auction was held at the saleroom of Il Ponte in Milan, Xxx Vix Xxxxxxx 0/00) of the Hammer Price (in both cases VAT shall be inclu- ded if applicable) in addition, to the payment of any other amount due to Il Ponte under these General Terms and Conditions (see also § 6.4) related to the lot sold) sold (Amount Due). 7.2 The Buyer undertakes to pay the Amount Due no later than ten days from the day following the date of the sale. 7.3 The transfer of ownership of the lot will take place only when payment is made by the Buyer of the Amount Due. 7.4 In the event of failure to pay or delay in payment by the Buyer, in whole or in part, of the Amount Due, Due within the aforementioned imperative time-limit Il Ponte has the right to request the fulfilment or to terminate the sale contract pursuant to Article 1456 of the Italian Civil Code, by giving simple written notice to the Buyernotice. In this event, without prejudice Il Ponte shall have in any case the right to receive the payment of a penalty corresponding to the double of the purchase commissions that the defaulting Buyer should have paid, as well as to possible further compensation for any grea- ter damages. Il Ponte may also deposit the lot in the custody of a third party or, alternatively, in its own custody and charge the Buyer € 10.00 per day for storage, in all cases at shall be entitled to retain any advanced payment made by the Buyer's risk and expenses. 7.5 7.4 Each lot can be paid by cashier’s check, credit card, debit card, bank transfer or cash, within the limits specified in paragraph 7.9of the law. 7.6 7.5 Payment of the lot can be made in Milan at the offices of Il Ponte in Xxx Vix Xxxxxxxxx 00 or xr in Xxx Vix Xxxxxxx 0/00 (according to where the auction was held) during the following office hours: Mon-Ven. 9 am to 1 pm; 2 pm to 5:30 pm (excluding public holidays in Italy). 7.7 7.6 The following credit cards are accepted: American Express, Diners, Visa and MasterCardMaster- Card. Payment can be made exclusively by the owner of the credit card. 7.8 7.7 The bank details for wire transfers are the following: IBAN IT 51H0832950860000000011517; Swift code no. XXXXXXXX000; Beneficiary: Il Ponte - Casa d’Aste Srl. In the space for “reason for payment” (causale), please provide your full name and the invoice number. 7.9 Il Ponte can accept single or multiple payments in cash only for amounts less than € 2,999.99. 7.10 7.8 Il Ponte has the right to control the source of the payments it receives and to refuse payments from people other than the Buyer. 7.11 7.9 Pursuant to the Italian Legislative Decree 231/07 no.231/07 and subsequent amendments and additions and in full compliance with the provisions of the Italian Legislative Decree 196/2003 (Privacy Code) and EU Regulation 2016/679, Il Ponte will require from all customers cu- stomers the data necessary to the fulfillment fulfilment of the obligations of adequate verification of the Customer and of the beneficial owner. In the event of formal request from Authorities and Public Administration, and in any other circumstances provided for by law, Xx Xxxxx shall be entitled to provide the name and contact details of the Buyer.

Payment. 7.1 In the event of a successful bid, the Buyer shall pay the Hammer Price of the lot to Il Ponte, in addition to a buyer's premium of 25% (if the auction was held at the saleroom of Il Ponte in Milan, Via Pontaccio 12) or 35% (if the auction was held at the saleroom of Il Ponte in Milan, Xxx Xxxxxxx 0/00) of the Hammer Price (in addition, to the payment of any other amount due to Il Ponte under these General Terms and Conditions related to the lot sold) (Amount Due). 7.2 The Buyer undertakes to pay the Amount Due no later than ten days from the day following the date of the sale. 7.3 The transfer of ownership of the lot will take place only when payment is made by the Buyer of the Amount Due. 7.4 In the event of failure to pay or delay in payment by the Buyer, in whole or in part, of the Amount Due, Il Ponte has the right to request the fulfilment or to terminate the sale contract pursuant to Article 1456 of the Civil Code, by giving written notice to the Buyer, without prejudice in any case to compensation for any damages. Il Ponte may also deposit the lot in the custody of a third party or, alternatively, in its own custody and charge the Buyer € 10.00 per day for storage, in all cases at the Buyer's risk and expenses. 7.5 Each lot can be paid by cashier’s check, credit card, debit card, bank transfer or cash, within the limits specified in paragraph 7.9. 7.6 Payment of the lot can be made in Milan at the offices of Il Ponte in Xxx Xxxxxxxxx 00 or in Xxx Xxxxxxx 0/00 (according to where the auction was held) during the following office hours: Mon-Ven. 9 am to 1 pm; 2 pm to 5:30 pm (excluding public holidays in Italy). 7.7 The following credit cards are accepted: American Express, Diners, Visa and MasterCard. Payment can be made exclusively by the owner of the credit card. 7.8 The bank details for wire transfers are the following: IBAN IT 51H0832950860000000011517; Swift code no. XXXXXXXX000; Beneficiary: Il Ponte - Casa d’Aste Srl. In the space for “reason for payment” (causale), please provide your full name and the invoice number. 7.9 Il Ponte can accept single or multiple payments in cash only for amounts less than € 2,999.991,999.99. 7.10 Il Ponte has the right to control the source of the payments it receives and to refuse payments from people other than the Buyer. 7.11 Pursuant to Legislative Decree 231/07 and subsequent amendments and additions and in full compliance with the provisions of Legislative Decree 196/2003 (Privacy Code) and EU Regulation 2016/679, Il Ponte will require from all customers the data necessary to the fulfillment of the obligations of adequate verification of the Customer and of the beneficial owner.