definiens: means, for any period, the total amount billed or invoiced on sales of Licensed Product in theField in the applicable country in the Territory by [COMPANY] or its Affiliates less the following deductions ( specificallyexcluding any payments made by [COMPANY] or its Affiliates to Sucampo pursuant to this Agreement ), in each caserelated specifically to the Licensed Product in such country in the Territory and actually allowed and taken by suchThird Parties and, in the case of items ( i ), ( ii ) and ( v ) only, not otherwise recovered by or reimbursed to [COMPANY] or itsAffiliates:(i ) trade, cash and quantity discounts ( other than price discounts granted at the time ofinvoicing and already included in the gross amount invoiced);(ii ) price reductions or rebates, retroactive or otherwise, imposed by, negotiated with orotherwise paid to Regulatory Authorities;(iii ) taxes on sales ( such as business tax, value added taxes, sales or use taxes ), but notincluding taxes assessed against the income derived from such sales, and import and customs duties;(iv ) freight, insurance and other transportation and handling charges to the extent added to thesale price and set forth separately as such in the total amount invoiced, as well as any out - of - pocket andarms - length fees for services provided by wholesalers and warehousing chains related to the distribution ofthe Licensed Product in the Field in such country in the Territory that are treated as sales allowances underGAAP, provided that such out - of - pocket fees are consistent with those charged across [COMPANY] ’s product line;and(v ) amounts repaid or credited by reason of rejections, defects, [ … * * * … ] percent ( [ … * * * … ] % ) return credits, recalls or returns or because of retroactive price reductions ( including rebates orwholesaler charge backs