definiens: means gross revenues in such period as measured by the gross invoice amount for the Product sold to third - party customers . other than Sankyo, excluding any repair Product and further excluding any sales tax and other non - Product charges, invoiced to third - party customers by [COMPANY], its Affiliates, designees ( shall include any entity providing fulfillment services for [COMPANY] ) . licensees, or sublicensees or any other third party who shall have rights to sell the Product in the Territory less the following items as detennined in accordance with U.S. generally accepted accounting prinCiples ( GAAP ): OOCSSFl:664048.1 10817-<152 3 FEB-20 - 2003 12 : 23 ORRICK HERRINGTON P.OOS / l06 ( a ) ( b ) ( c ) ( d ) ( e ) cash discounts ; credits or allowances given or made on account of price adjustments, rebates ( including Medicaid OJ ' other government programs, chargebacks, and contractual agreements ) . or volume reimbursements ; any and all credits or allowances given or made on account of returns of Product ; deductions for bad debt and collection charges relating thereto ; and direct shipping and handling expenses for the Product incurred by [COMPANY], to the extent such expenses are not billed separately to third - party customers until one . year after the initial Product Launch Date for the AutoSensor and six ( 6 ) months after the launch of the GlucoWatch ® G2 ™ Biographer provided that all Regulatory Approvals, if any, have been obtained