definiens: shall mean any payments or other consideration that BioLine or an Affiliate of BioLineactually received in connection with a Sublicense, or the grant of an option to obtain a Sublicense, including withoutlimitation royalties, license fees, milestone payments, license maintenance fees and equity ; provided, however, that inthe event that BioLine or an Affiliate of BioLine receives non - monetary consideration in connection with a Sublicense orthe grant of an option to obtain a Sublicense or in the case of transactions not at arm ’s length, Sublicense Receipts shallbe calculated based on the fair market value of such consideration or transaction, assuming an arm ’s length transactionmade in the ordinary course of business ; and provided further that Sublicensing Receipts will be reduced by anyamounts returned by BioLine or an Affiliate to a Sublicensee on account of refunds or rebates given in respect ofSublicense Receipts or payment to one or more third parties to obtain a Third Party License from such third party(ies ) inorder to practice the Licensed Technology