definiens: means the actual invoiced gross sa les of Product to Third Parties by [COMPANY], its Affiliates or sublicensees, as recorded by the selling party in accordance with generally accepted accounting principals, less the following to the extent included in the calculation of invoiced sales : ( i ) credited allowances to such Third Party customers for spoiled, damaged, rejected, recalled, outdated and returned Products and for reasonable retroactive price reductions ; ( ii ) freight, transportation, warehousing, storage, postage and insurance invoiced to such Third Party ; ( iii ) the amounts of trade and cash discounts actually allowed, to the extent such trade and cash discounts are specifically allowed on account of the purchase of such Product ; ( iv ) sales taxes, excise taxes, use taxes and import / export duties actually due or incurred in connection with the sales of the Product to any Third Party ; 4 CONFIDENTIAL TREATMENT REQUESTED [ * * * ] – THE CONFIDENTIAL PORTION OF THIS AGREEMENT WHICH HAS BEEN REDACTED IS MARKEED WITH BRACKETS ( ) . THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION