definiens: shall mean the gross amount invoiced by [COMPANY], its Affiliate, Sublicensees and [COMPANY] Licenseesfor sales of Program Products to a Third Party ( including Distributors but excluding, for the avoidance of doubt, Sublicensees and [COMPANY] Licensees ) less deductions for : ( i ) customary trade, quantity discounts, settlementdiscounts, or chargebacks actually granted, allowed, or incurred in the ordinary course of business in connection withthe sale of the Program Products, ( ii ) allowances or credits to customers, not in excess of the selling price of theProgram Products, on account of governmental requirements, rejection, recalls, or return of the Program Products,(iii ) distributor fees, rebates, or allowances actually granted or allowed, including without limitation government andmanaged care rebates, ( iv ) Indirect Taxes and excise taxes or customs duties paid by the selling entity and any othergovernmental charges imposed upon the sale ; importation, use or distribution of the Program Products, ( v ) bad debtsnot collected by [COMPANY], calculated in accordance with IFRS, and ( vi ) [ * * * ] . Net Sales shall be calculated usingSanofi ’s internally audited systems used to report such sales as adjusted for items ( i ) through ( vi ) above, not takeninto account in such systems . Deductions pursuant to subsection ( v ) above shall be taken in the Calendar Quarter inwhich such sales are no longer recorded as a receivable . Deductions pursuant to subsection ( vi ) above shall [ * * * ]