definiens: means the gross amounts invoiced with respect to a Product by Alectorand its Licensees for sales or other disposition of such Product to a Third Party purchaser of such Product, less the following to the extent that the following are directly incurred with respect to a Product, or allocatedspecifically to a Product in accordance with generally accepted accounting principles consistently appliedacross the books and records of [COMPANY] and its Licensees, as applicable:(a)discounts ( such as cash, trade and quantity discounts ) actuallyallowed with respect to such sales which effectively reduce the selling price and are appropriately deductedfrom sales under appropriate accounting principles, consistently applied;(b)credits, returns, rebates, chargebacks and other allowances actuallygiven or allowed with respect to such sales;(c)retroactive price reductions that are actually allowed or granted;(d)deductions to the gross amounts invoiced for Product imposed byregulatory authorities or other governmental entities;7(e)sales tax ( such as VAT or its equivalent ), tariffs and excise taxes, otherconsumption taxes, and duties ( excluding any taxes paid on the income from such sales ) to the extent theselling person does not receive and retain a credit or a refund of such taxes or duties ; and;(f)freight, postage, shipping, transportation and insurance chargesactually allowed or paid for delivery of Products, to the extent included in the gross amounts invoiced ; and(g)bad debt [ * * * ]