definiens: means, with respect to a Licensed Product for any period, the gross amounts invoiced by the Licensee or its Affiliates to Third Parties or Sublicensees for sales of the L icensed Product in the Territory ( the ), less the following deductions : ( i ) trade, quan tity, governmental or cash discounts, credits, adjustments or allowances, including those granted on account of price adjustments, billing errors, sa les returns, rejected goods or damaged goods or goods otherwise not in saleable condition ; ( ii ) rebates and c hargebacks allowed, given or accrued ( including cash, Medicare, Medicaid, governmental and managed care rebates, hospital or other buying group charge backs, and governmental taxes in the nature of a rebate ba sed on usage levels or sales of the Licensed Produc t ) ; ( iii ) credits or allo wances given or made for rejection, recall, return or wastage replacement of the Licensed Product ; ( iv ) taxes, duties or other governmental charges levied on or measured by the billing amount for Licensed Product ( not offset or refunded, except in the case of val ue added taxes ) assessed on the sale of the Licensed Product ; ( v ) any other simil ar and customary deductions that are consistent with U.S. GAAP ; and ( vi ) charges or allowa nces for transportation costs, customs, distribution expenses, special packaging and relate d insurance charges, freight and insurance charges, taken in accordance with Purchaser ’s standard practices, whi ch charges or allowance will in no event exceed [ * * * ] of the amount arrived at after application of items ( i ) to ( v ) above