definiens: means the gross amount invoiced by Licensee, its Affiliate or its sublicensee for sales of Licensed Products to any Third Party ( and in all cases amounts actually received to the extent not invoiced ), less any ( a ) normal trade, cash and quantity discounts actually allowed, induding charge backs ; ( b ) amounts allowed for retumed or defective Licensed Products ; ( c ) insurance and transportation charges to the extent included in the invoiced amount ; and ( d ) custom duties, VAT, sales taxes or other govenunental chargcs paid in connection w1th such sales ( but excluding what is commonly known as income taxes ) . Any of the deductions listed above that involves a payment by Licensee, its Affiliate or sublicensee will be taken as a deduction in the ] CONFIDENTIAL CO:\F!])[:\TIAL nU:.\T\IE:\ I ' REQl - ESTED EXECUTJOl'i COpy calendar quarter in \vhich the payment is actually made by such entity ; provided, however, to the extent that the aggregate of such deductions in any calendar quarter for a Licensed Product exceeds the gross amount invoiced by Licensee, its Affiliate or its sublicensee for sales of such Licensed Product, then Licensee may cany fonvard any excess amounts and rednce t1w gross amounts invoiced in connection with the applicable sa\c of Licensed Products in one or more subsequent calendar quarter(s ) .