definiens: means the sum of the gross invoiced sales prices charged for the Product by [COMPANY], its Affiliates, sublicensees and distributors, to wholesalers, retailers, pharmacies, hospitals or similar entities in the distribution chain, less value - added taxes ( if any ) levied on the sale, transfer, transportation or delivery of the Product borne by the seller thereof, and, to the extent specifically allocated to gross invoiced sales of the Product in finished form, 7 SV\4\7115.30 CVTlSolv ay Co - Promotion Agreeme ot 02 - 22·2005 which occur after the Commencement Date, less : ( a ) trade and/or quantity discounts, rebates or retroactive price reductions reasonably accrued for and adjusted quarterly to those actually allowed and properly taken that are normal and customary in the pharmaceutical industry ; ( b ) amounts actually repaid or credited to customers by reason of rejections, recalls, defects or returns of finished Product ; ( c ) chargebacks ; and ( d ) cash discounts for timely payments reasonably accrued for and adjusted qmirterly to those actually allowed and properly taken that are normal and customary in the pharmaceutical industry, calculated in accordance with U.S