definiens: means, the gross amount billed or invoiced by [COMPANY], its Affiliates or sublicensees or itsAffiliates to any other Third Parties for a Licensed Product, less : ( a ) discounts, including cash and quantity discounts, chargeback payments and rebates granted tomanaged health care organizations or to federal, state and local governments, their agencies, purchasers and reimbursers or totrade customers ; ( b ) credits or allowances actually granted upon claims for damaged goods, rejections or returns of aLicensed Product, including recalls ; ( c ) freight, postage, shipping, transportation and insurance charges actually allowed or paid fordelivery of a Licensed Product to the extent billed ; and ( d ) sales ( such as value - added tax or its equivalent ) and excise taxes, other consumption taxes, customsduties and compulsory payments to governmental authorities and any other governmental charges imposed upon theimportation, use or sale of a Licensed Product ( excluding any taxes paid on the income from such sales )