definiens: means with respect to each Product sold in the Territory, the gross amounts invoiced by FERRER, its Affiliates and sub - distributors, on account of sales of each Product to Third Parties, less the following : 1 - PH/2111761.3 1.1.26.1 trade, quantity and cash discounts, rebates and allowances actually allowed or given, which are not already reflected in the amount invoiced ; 1.1.26.2 freight, postage, shipping insurance and other transportation expenses incurred in transporting the Products in final form to such customers to the extent included in the invoice price and separately identified on the invoice ; 1.1.26.3 credits, or refunds actually allowed for recalls of Products ; ; 1.1.26.4 sales, excise and other consumption taxes, and tariffs and duties directly related to the sale ( including VAT ) to the extent included in the invoice price and to the extent such taxes are remitted to the applicable taxing authority ( but not including taxes assessed against the income derived from such sale ) ; and 1.1.26.5 any mandatory discounts or rebates to the competent governmental authorities and/or social security systems pursuant to governmental regulations