definiens: means, with respect to a Product, the costs actuall y incurred by or on behalf of a Party or its Affiliates, includin g labor costs and out - of - pocket costs ( including re levant payments under [ * * * ] and/or [ * * * ] determined in accordance w ith Section 7.6 ) paid by a Party or its Affiliates to a Third Party or allocated to such Product after the Effect i ve Date in connection with Commercialization of su ch Product in accordance with the applicable Product Work Plan, as determined from the books and records of the a pplicable Party and/or its Affiliates maintained in accordanc e with the Accounting Standards . For clarity, a Pro duct ’s Commercialization Expenses excludes the Cost of Goo ds Sold for such Product and includes applicable ex penses that are incurred by a Party pursuant to a Co - Promo tion Agreement . Labor costs will be determined and allocation of expenses to any Product will be made as provided in Schedule 1.33