definiens: means, with respect to each country in the world, the gross amount invoiced for sales ofLicensed Products in such country by [COMPANY], its Sublicensees, or any of their respective Affiliates ( in each case, the ) to Third Parties during the Royalty Term with re spect to each country of the Territory, less thefollowing deductions, in each case without duplicat ion and as determined in accordance with and as rec orded inrevenues under, International Financial Reporting S tandards:(i ) sales returns and allowances actually paid, gra nted or accrued on Licensed Products, including tra de, quantity, prompt pay and cash discounts and any oth er adjustments, including those granted on account of priceadjustments or billing errors;(ii ) credits or allowances given or made for reject ion or return of, and for uncollectible amounts on, previouslysold Licensed Products or for rebates or retroactiv e price reductions ( including Medicare, Medicaid, m anaged care andsimilar types of rebates and chargebacks ) ; -15 - CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH . ACOMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEP ARATELY WITH THE SECRETARY OF THESECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN A PPLICATION REQUESTING CONFIDENTIALTREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER TH E SECURITIES ACT OF 1933, ASAMENDED