definiens: shall mean, for any period, the gross amount invoiced by the [COMPANY] and its Affiliates and Sublicensees for the sale of Licensed Product(s ) to third parties, less deductions for : ( a ) nonnal and customary trade, quantity and cash discounts and sales returns and allowances ( other than allowances for doubtful accounts ), including ( i ) those granted on account of price adjustments, billing errors, rejected goods, damaged goods, returns and rebates, ( ii ) administrative and other fees and reimbursements and similar paymcnts directly relatcd to the sale or delivery of Licensed Product(s ) paid to wholesalers and other distributors, buying groups, 4 pharmacy benefit management organizations, hcalth carc insurance carriers and othcr Institutions, ( iii ) allowances, rebates and fees directly related to the sale or delivery of Licensed Product(s ) paid to distrihutors and ( iv ) chargebacks ; ( h ) freight, postage, shippmg and insurance costs to the extent that such items are included in the gross amount invoiced ; ( c ) customs and excise duties and other duties related to the sales to the extent that such items are included in the gross amount invoiced ; ( d ) rehates i : md similar payments made with respect to sales paid for or reimbursed by any governmental or regulatory authority such as, by way of illustration and not in limitation of the parties ' rights hereunder, federal or state Medicaid, Medicare or similar state program or equivalent foreign governmental program ; ( e ) sales and other taxes and duties directly related to the sale or delivery of Licensed Product(s ) ( but not including taxes assessed against thc income derived from such sale ) to the extcnt that such ltems are mcluded in thc gross amount invoiced ; ( 0 distrihution costs and cxpenses to the extent that such items are mduded in the gross amount invoiced ; and ( g ) any such invoiced amount : : ; that are not collected by thc partics or their AiIiliates or Suhlicemees ; provided, however, that with respect to the deductions specificd in subsections ( a ) through ( g ) above, an amount shall be deducted only onec rcgardless of how many categories may apply to it