definiens: shall mean the net sales on behalf of BPM and any of its Affiliates orSublicensees for any Licensed Product sold to Third Parties ( other than Sublicensees ) in bonafide, arms - length transactions, as determined in accordance with GAAP, less the followingdeductions : ( a ) normal trade and cash discounts, ( b ) amounts repaid or credited by reasons ofdefects, rejections, recalls or returns, ( c ) rebates and chargebacks to customers and ThirdParties ( including Medicare, Medicaid, Managed Healthcare and similar types of rebates ), ( d)any amounts recorded in gross revenue associated with goods provided to customers for free,(e ) amounts provided or credited to customers through coupons and other discount programs,(f ) delayed ship order credits, discounts or payments related to the impact of price increasesbetween purchase and shipping dates, ( g ) fee for service payments to customers for any non - separable services ( including compensation for maintaining agreed inventory levels andproviding information ), ( h ) a fixed deduction of [ … * * * … ] for direct expenses related to the salesof Licensed Product(s ) for distribution and warehousing expenses and uncollectible amounts onpreviously sold Licensed Products, ( i ) taxes and any other governmental charges or leviesimposed upon or measured by the Exploitation of a Licensed Product ( excluding income orfranchise taxes ) as well as government mandated fees and taxes and other governmentcharges, including any fees, taxes or other charges specifically attributable to a LicensedProduct that become due in connection with any healthcare reform, change in governmentpricing or discounting schemes, or other action of a government or regulatory body, and ( j ) otherreductions or specifically identifiable amounts deducted for reasons similar to those listed abovein accordance with GAAP