definiens: means with respect to a given time period, the gross amounts invoiced for Licensed Products sold by or on behalf of Daré, an Affiliate of Daré, or a Sublicensee, as applica ble, to Third Party customers, less the following amounts : ( i ) reasonable returns, allowances, refunds, rebates paid or accrued ; ( ii ) customary trade, quantity, cash and other discounts, any other reasonable adjustments allowed and actually granted in the ordinary course of business, including those granted on account of price adjustments, billing errors, and damaged or defective goods ; ( iii ) chargebacks, rebates, reimbursements or similar payments or adjustments granted in the ordinary course o f business to retailers, wholesalers, distributors or other buying groups ; ( iv ) adjustments arising from consumer discount programs ; ( v ) customs or excise duties, tariffs, sales, consumption, value added and other taxes ( except income taxes and wit hholding taxes ) or similar payments related to particular sales or shipments of Licensed Products ; ( vi ) reasonable, documented freight, postage, shipping, handling and insurance cost ; and ( v ) actual bad debt expense actually written off, to the ext ent such expense does not exceed five percent ( 5 % ) of the gross amounts invoiced for Licensed Products sold by or on behalf of Daré, an Affiliate of Daré, or a Sublicensee, as applicable, during the relevant time period ; provided, that any such bad debt expenses deducted from such gross amounts shall be treated as Net Sales if and when such amounts are later received