Common use of Consigned Goods Clause in Contracts

Consigned Goods. Consignee or any Fenco Party acting as agent on behalf of Consignee will maintain an electronic tracking system for tracking all transactions involving the Consigned Goods, [*], the receipt of such Consigned Goods at the Watsontown Facility, the shipping of such Consigned Goods from the Watsontown Facility and the receipt of the proceeds of the sale of any of the Consigned Goods, whether by Consignee or any factor with which Consignee has a factoring agreement to which such Consigned Goods are subject, in each case with such detail and supporting documentation as Consignor shall request (the “Tracking System”). Consignee or any Fenco Party acting as agent on behalf of Consignee shall deliver daily Tracking System status reports to Consignor. The Consigned Goods shall be: (i) stored at the Watsontown Facility in a segregated area designated and marked clearly as “Property of Motorcar Parts of America, Inc. on Consignment”; and (ii) segregated from the goods of all other persons and not commingled with any such goods.