definiens: as used in this Section 4, shall mean the full amount actually received by Licensee or its sublicensees ( exclusive of sales by Licensee to its sublicensees ) for Products sold by Licensee or its sublicensees to customers less the sum of the following, where applicable : ( i ) Discounts allowed, commissions paid in lieu of trade discounts, and commissions paid to independent sales representatives or agents, in the amounts customary in the trade ; ( ii ) Sales and/or use taxes ( or other taxes equivalent thereto ), duties or any other taxes or levies directly imposed by any governmental authority upon and with reference to particular sales ; ( iii ) Outbound transportation costs prepaid or allowed by way of freight equalization or otherwise ; ( iv ) Cartons, packing, and crating charged separately ; Page 55 of64 ( Including Attachments ) CONFIDENTIAL -INCLUDES REDACTED LANGUAGE ( v ) Amounts refunded, allowed, or credited in connection with shortages, returns, or defective, articles ; ( f ) Where proceeds from the sale of Products are received in currency other than United States Dollars, the Net Sales Value of such foreign sales shall be the U.S. Dollar equivalent of such proceeds detennined by multiplying the foreign currency actually received by the applicable exchange rate in effect on the last day in the quarter in which such proceeds were received, as published in the Wall Street lournal for such date