definiens: means, with respect to a Licensed Product following its Regulatory Approval andcommencing with the First Commercial Sale, the gross amounts invoiced on sales of the approved Licensed Productby or on behalf of a specified Party ( directly or through any of its Affiliates or Third Party sublicensees ) to a ThirdParty purchaser for end use in an arms - length transaction, less the following customary deductions, determined inaccordance with Accounting Standards and standard internal policies and procedures consistently applied throughoutthe organization of the Party recording such sales to calculate revenue for financial reporting purposes, to the extentspecifically and solely allocated to the sale of such Licensed Product to such purchaser and actually taken, paid, accrued, allowed, included, or allocated based on good [ * ] = Certain confidential information contained in this document, marked by brackets, is filed with theSecurities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended