definiens: means, with respect to a Product for any period, the gross amount billed or invoiced bythe applicable Party, its Affiliates or its or their ( Sub)licensees for the sale of a Product to Third Parties ( includingDistributors ) commencing with the First Commercial Sale of such Product ( the ), less the followingdeductions from such gross amounts which are actually incurred, allowed, accrued or specifically allocated : a)normal and customary trade, quantity and prompt settlement discounts ( including chargebacks andallowances ) actually allowed ; b)amounts repaid or credited by reason of rejection, return or recall of goods, rebates or bona fide pricereductions ; c)freight, postage, shipping and insurance expenses to the extent that such items are included in thegross amount invoiced ; d)customs and excise duties and other taxes or duties related to the sales to the extent that such itemsare included in the gross amount invoiced ; e)rebates and similar payments made with respect to sales paid for by any governmental or regulatoryauthority such as, by way of illustration and not in limitation of the Parties ’ rights hereunder, Federal orstate Medicaid, Medicare or similar state program or equivalent foreign governmental program ; f)the portion of administrative fees paid during the relevant time period to group purchasing organizationsor pharmaceutical benefit managers relating to such Product ; g)any invoiced amounts that are not collected by such Party, its Affiliates or its or their ( Sub)licensees, including bad debts and uncollectable invoiced amounts actually written off in accordance withAccounting Standards, provided that any such amounts subsequently collected will be included in NetSales ; h)that portion of the annual fee on prescription drug manufacturers imposed by the Patient Protectionand Affordable Care Act, Pub . L. No . 111 - 148 ( as amended ) that such Party, its Affiliate or its or their(Sub)licensee, as applicable, allocates to sales of the Products in accordance with such Party ’s, itsAffiliate ’s or its or their ( Sub)licensee ’s standard policies and procedures consistently applied acrossits products, as applicable, and other similar fees and taxes, including that certain tax known withrespect to pharmaceutical companies in France ( remise conventionelle ) ; and i)any other similar and customary deductions that are consistent with applicable Accounting Standards