definiens: means, with respect to a Licensed Product during a stated time period, the gross invoiced sales amou nts for such Licensed Product sold by or on behalf of [COMPANY], its Affiliates or Sublicens ees in arm ’s length transactions to Third Parties ( but not including sales relating to transactions by and between [COMPANY], its Affiliates or Sublicensees ) less the following deductions from such gross amounts which are actually incurred, allowed, paid, accrue d or specifically allocated to the extent that such amounts are deducted from gross in voiced sales amounts as reported by [COMPANY] in its financial statements in accordance wi th IFRS, applied on a consistent basis : ( a)credits or allowances actually granted for a dam aged Licensed Product, returns or rejections of the Licensed Product, pric e adjustments, and billing errors ; ( b)governmental and other rebates ( or equivalents t hereof ) to national, state / provincial, local and other governments, thei r agencies and purchasers, and reimbursers, or to t rade customers ; ( c)normal and customary trade, cash and quantity di scounts, allowances, and credits actually allowed or paid ; 17 [ * * * ] Certain information in this document has been excluded pursuant to Regulation S - K, Item 601(b)(1 0 )