definiens: means the gross amount invoiced by a Party, its Affiliate and Sublicensees for sales of LicensedProducts to a Third Party ( including Distributors but excluding, for the avoidance of doubt, Sublicensees ) lessdeductions for : ( i ) customary trade, quantity discounts, settlement discounts, or chargebacks actually granted, allowed, or incurred in the ordinary course of business in connection with the sale of the Licensed Products,(ii ) allowances or credits to customers, not in excess of the selling price of the Licensed Products, on account ofgovernmental requirements, rejection, recalls, or return of the Licensed Products, ( iii ) distributors fees, rebates, orallowances actually granted or allowed, including without limitation government and managed care rebates,(iv ) Indirect Taxes and excise taxes or customs duties paid by the selling entity and any other governmental chargesimposed upon the sale ; importation, use or distribution of the Licensed Products, ( v ) any invoiced amounts which arenot collected by [COMPANY] or its Affiliates, including bad debts, calculated in accordance with IFRS, ( vi ) any othersimilar and customary deductions that are consistent with IFRS and ( vii ) [ * * * ] . Net Sales shall be calculated usingAstraZeneca ’s internally audited systems used to report such sales as adjusted for items ( i ) through ( vii ) above, nottaken into account in such systems . Deductions pursuant to subsection ( v ) above shall be taken in the CalendarQuarter in which such sales are no longer recorded as a receivable