definiens: means with respect to any Licensed Product for any period, the gross amounts invoiced by theApplicable Commercialization Party, its Affiliates and Sublicensees ( each, a ) to Third Party customersfor sales of such Licensed Product during such period, less the following deductions actually incurred, allowed, paid, accrued or specifically allocated in its financial statements in accordance with GAAP, for:(a ) customary and reasonable trade, quantity, and cash discounts, wholesaler allowances andinventory management fees;(b ) customary and reasonable credits, rebates and chargebacks ( including those to managed - careentities and government agencies ), and allowances or credits to customers on account of rejection or returns(including wholesaler and retailer returns ) or on account of retroactive price reductions affecting such LicensedProduct;(c ) freight, postage and duties, and transportation charges relating to such Licensed Product, includinghandling and insurance therefor;(d ) sales ( such as VAT or its equivalent ) and excise taxes, other consumption taxes, and customsduties ( excluding any taxes paid on the income from such sales ) to the extent the Selling Party is not otherwiseentitled to a credit or a refund for such taxes, duties or payments made ; and(e ) amounts previously included in Net Sales that are written - off by the Selling Party as uncollectible inaccordance with the standard practices of such Selling Party for writing off uncollectible amounts, consistentlyapplied ; provided, however, that if any such written - off amounts are subsequently collected, such collected amountsshall be included in Net Sales in the period in which they are subsequently collected