definiens: means the actual gross amount invoiced for sales of Licensed Products in the OvamedTerritory, less the sum of the following : ( a ) quantity or other trade discounts ; ( b ) sales, excise, VAT, custom or tariff duties and/or taxes ; ( c ) amounts allowed or credited on returns or rejections ( including asa result of recalls, market withdrawals or other corrective actions ), and retroactive price reductions orallowances ; ( e ) outbound transportation prepaid or allowed, packaging and freight charges andtransportation insurance ; ( f ) rebates or similar payments paid in connection with sales of Licensed Productto any governmental or regulatory authority in the [COMPANY] Territory, patient discount programs, administrative fees and chargebacks or similar price concessions, and sales commissions ; and(g ) allowances for bad debt . Net Sales does not include sales of Licensed Product solely for non - profitresearch or clinical testing or for indigent or similar public support or compassionate use programs . ALicensed Product shall be considered only when billed or invoiced