definiens: means the gross invoiced sales price b illed for the Product sold by Xxxxxx and its Affiliates in th e Territory less ( i ) returns, price protections, cash discounts and allowances of fered to, and actually taken by, third parties in the ordinary course of busines s, ( ii ) applicable direct Exhibit 10.47 - Page 6 CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARAT ELY WITH SECURITIES AND EXCHANGE COMMISSION ASTERISKS DENOTE SUCH OMISSION insurance costs and ( iii ) applicable non - income tax es incurred by Xxxxxx, if any ; all determined in accordance with U.S. general ly accepted accounting principles, consistently applied . It is understood and agreed that ( a ) the Product shall not be bundled and sold with other pr oducts and ( b ) for purposes hereof, Product sold to affiliated parties shall be deemed to be sold at the gross invoiced sales price billed for Product sold to unaffiliated third parties in arms ' length transactions