Prokura definition

Prokura. (pl. “Prokuren”) means a power of attorney under German commercial law which has to be filed with the commercial register. There is no equivalent to this term in the Anglo-American law. “Prokurist” (pl. “Prokuristen”) is the title of the holder of a “Prokura.”
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Prokura is a special authority granted under § 48 et seq. of the German Commercial Code (HGB) to act on behalf of the company in respect of all transactions in and out of court within the scope of mercantile trade. III. a) Dispatch and passing of risk in the case of image/sound carriers 1. Deliveries up to a value of the goods of 99.99 € net are made “ex works” (EXW) optimal media GmbH, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇, Germany, according to INCOTERMS 2010. Deliveries with a value of the goods of 100.00 € net and more are made “carriage paid to” (CPT) buyer’s shipping address, according to INCOTERMS 2010. 2. Edel must be informed of non-receipt of the delivery in writing by no later than 14 days after receipt of the invoice. III. b) Dispatch and passing of risk in the case of publishing products and print products 1. All deliveries of publishing products, books and other print products are made carriage forward, at the expense and risk of the buyer, from the publishing house’s distribution centre or printing plant (located in Germany) to buyer’s shipping address. 2. Edel must be informed of non-receipt of the delivery in writing by no later than 14 days after receipt of the invoice.
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Examples of Prokura in a sentence

  • The Company has not granted any (i) general power of attorney (Generalvollmacht), nor (ii) full commercial power of representation (Prokura) that is not registered with the Company’s commercial register.

  • If more than one general manager has been appointed, then the company shall be jointly represented by two general managers or a general manager and an executive vested with a power of commercial representation under German law (Prokura).

  • The general partner is entitled to appoint and to remove "Prokura" (statutory power of attorney) and commercial power of attorney.

  • He/She may represent the Company jointly with another managing director or a holder of Prokura.

  • Andr▇▇▇ ▇▇▇▇ ▇▇▇resents CYBERNET AG together with another member of the managing board or a holder of a Prokura.

  • Dr. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ represents CYBERNET AG together with another member of the managing board or a holder of a Prokura.

  • The Company has revoked the general commercial power of attorney (Prokura) of Seller 2.

  • The employees of German Acorn Real Estate GmbH, who have been granted registered power of representation [Prokura], shall be granted the same powers at OCM, in each case with the right to represent the company jointly with a member of the Management Board or another executive with registered power of representation [Prokurist] but without the right to engage in transactions pursuant to Section 48 (2) German Commercial Code [Handelsgesetzbuch] (HGB) (i.e. selling and mortgaging real property).

  • Rudo▇▇ ▇▇▇▇▇▇ ▇▇▇resents CYBERNET AG together with another member of the managing board or a holder of a Prokura.

  • The Subsidiary has not appointed persons holding registered power of attorney (Prokura).