definiens: means with respect to any Product, the gross amounts recognized by [COMPANY], itsSublicensees or its Affiliates from Third Party customers for sales of a Product in the Territory, less the following deductionsmade by [COMPANY] ( to the extent not already taken by [COMPANY] in the Product invoice or in amounts recognized ), itsSublicensees or its Affiliates in arriving at net sales as reported in the [COMPANY] statutory accounts prepared in accordancewith IFRS : ( a ) actual credited allowances to such Third Party customers for spoiled, damaged, rejected, recalled, outdated and returned Product and for retroactive price reductions ; ( b ) the amounts of trade and cash discounts actually granted to Third Party customers, to theextent such trade and cash discounts are specifically allowed on account of the purchase of such Product ; * * * * * * Portion for which confidential treatment requested