definiens: shall mean the gross invoice price by [COMPANY] or its Affiliates or Sublicensees, as the case may be, for allProducts sold by [COMPANY], its Affiliates or Sublicensees ( ) under this Agreement in the Territory in arm ’s lengthsales to Third Parties less the following deductions that are actually incurred, allowed, paid, accrued or specifically allocatedto the extent that such amounts are deducted from gross invoiced sales amounts as reported by the Selling Party in its financialstatements in accordance with the International Financial Reporting Standards ( ), applied on a consistent basis:(a ) trade, quantity and cash discounts and allowances;(b ) credits, rebates and charge backs or equivalents thereof ( including those to managed - care entities, national, state / provincial, local and other governments, their agencies and purchasers, and to trade customers ) ; * CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THESECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, ASAMENDED - 6 -(c ) allowances or credits to customers on account of rejection or returns ( including wholesaler and retailer returns),retroactive price reductions affecting such Product or billing errors;(d ) freight, postage and duties, and transportation charges relating to such Product ( including handling andinsurance thereto ) separately identified on the invoice or other documentation maintained in the ordinary course of business;(e ) sales ( such as value - added tax or its equivalent ) and excise taxes, other consumption taxes, customs duties andcompulsory payments to governmental authorities and any other governmental charges imposed upon the sale of a Product toThird Parties;(f ) commissions allowed or paid to Third Party wholesalers, or other similar Third Party distributors, in each casewho do not engage in marketing or promotion of the Product;(g ) [ … * … ] bad debt reported [ … * … ] in which [ … * … ] or [ … * … ] or [ … * … ] in which [ … * … ] ; and(h ) any other items actually deducted from ( and therefore not included as ) gross invoiced sales amounts indetermining revenue, and not otherwise included as an item of income or the like, as reported by a Selling Party in its financialstatements in accordance with the IFRS, applied on a consistent basis