definiens: shall mean the amount invoiced by Buyer, its affiliates, licensees, sublicensees, successors or assigns from sales of theImagent Products to third parties, less reasonable and customary deductionsapplicable to the Imagent Products for ( i ) transportation charges and chargessuch as insurance, relating thereto paid by the selling party ; ( ii ) sales andexcise taxes or customs duties paid by the selling party and any othergovernmental charges imposed upon the sale of the Imagent Products and paid bythe selling party ; ( iii ) distributors ' fees, rebates or allowances actuallygranted, allowed or incurred ; ( iv ) quantity discounts, cash discounts orchargebacks actually granted, allowed or incurred in the ordinary course ofbusiness in connection with the sale of the Imagent Products ; ( v ) allowances orcredits to customers, not in excess of the selling price of the ImagentProducts, on account of governmental requirements, rejection, outdating, recallsor return of the Imagent Products ; ( vi ) costs of customer programs such as costeffectiveness or patient assistance programs designed to aid in patientcompliance to maintain medication schedules ; and ( vii ) a one percent ( 1%)deduction for bad debts . The deductions referred to in clauses ( i ) through ( vi)inclusive of the preceding sentence will be allocated in an equitable mannerconsistent with the manner in which the Buyer allocates similar deductions inthe balance of its business . For the purpose of calculating Buyer 's ImagentRevenue, the parties recognize that ( a ) the Buyer 's customers may includepersons in the chain of commerce who enter into agreements with the Buyer as toprice even though title to the Imagent Products does not pass directly from theBuyer or its sublicencees to such customers, and even though payment for suchImagent Products is not made by such customers directly to Buyer and ( b ) in suchcases chargebacks paid by Buyer to or through a third party ( such as awholesaler ) can be deducted by Buyer from gross revenue in order to calculateits Imagent Revenue . Any deductions listed above which include a payment byBuyer shall be taken as a deduction against aggregate sales for the period inwhich payment is made . Sales of the Imagent Products between Buyer and itsAffiliates or sublicensees solely for research or clinical testing purposesshall be excluded from the computation of Imagent Revenue . Imagent Revenue willbe accounted for in accordance with generally accepted accounting principlesconsistently applied