definiens: means the gross amounts invoiced or otherwise billed by [COMPANY] and its Affiliates andSublicensees in connection with the sale, lease or other transfer for value of Licensed Products to unaffiliated Third Parties inthe applicable country of the Licensed Territory, less the following to the extent allocable to the Licensed Product andactually allowed, incurred or paid by the invoiced party during the applicable royalty period : ( a ) customary trade and quantity discounts actually allowed and taken ; ( b ) amounts actually allowed or credited due to returns of Licensed Products previously sold as reflected inwritten invoices ( and not to exceed the original invoice amount ) ; ( c ) shipping, freight and insurance, to the extent separately invoiced and charged ; ( d ) credits, allowances and rebates actually given pursuant to federal, state and/or government - mandatedprograms, which require a manufacturer / distributor rebate, and allowances for uncollectible accounts actually taken ( it beingunderstood that will include all amounts received for any uncollectible accounts at a subsequent date ) ; and ( e ) value added or import / export taxes, sales taxes, excise taxes or customs duties, to the extent applicable tosuch sale, and included in the invoice in respect of such sale and actually paid ; provided that all of the foregoing deductions are incurred in the ordinary course and calculated in accordance withthen - current Generally Accepted Accounting Principles or International Financial Reporting Standards, as applicable, consistently applied, during the applicable calculation period throughout the selling party ’s organization