definiens: shall mean the gross invoice price charged from time to time by [COMPANY] or itsAffiliates, or by ASLAN or its Affiliates ( and, if applicable, licensees or sublicensees of ASLAN describedin Section 7.2.5(c ) ), as the case may be ( the applicable Party and its Affiliates referred to herein as the ), for all Products sold the Selling Party, under this Agreement in arm ’s length sales to ThirdParties less deductions allowed to the Third Party customer by the Selling Party, to the extent actually takenby the Third Party customer, on such sales for : ( a ) trade, quantity, and cash discounts ; ( b ) credits, rebates and chargebacks ( including those to managed - care entities andgovernment agencies ), and allowances or credits to customers on account of rejection or returns ( including, but not limited to, wholesaler and retailer returns ) or on account of retroactive price reductions affecting suchProduct ; ( c ) freight, postage and duties, and transportation charges specifically relating toProduct, including handling and insurance thereto ; and ( d ) sales ( such as VAT or its equivalent ) and excise taxes, other consumption taxes, customs duties and compulsory payments to governmental authorities and any other governmental chargesimposed upon the sale of such Product to Third Parties