definiens: means, with respect to any Licensed Product, the amount received by [COMPANY] and its Affiliates and Subli censees for bona fide sales of such Licensed Product to a Third Party ( other than Affiliates and Sublicensees but including distributors for resale ), less : ( a ) discounts ( including cash, quantity and patient program discounts ), retroactive pri ce reductions, commissions, charge -back payments and rebates granted to managed health care organizations or to federal, state and local governments, their agencies, and purchasers and reimbursers or to trade customers ; ( b ) credits or allowanc es actually granted upon claims, damaged goods, rejections or returns of, and for uncollectable amounts on, such Licensed Product, including such Licensed Product returned in connection with recalls or withdrawals ; ( c ) freight out, postage, sh ipping and insurance charges for delivery of such Licensed Product ; ( d ) taxes or duties levied on, absorbed or otherwise imposed on the sale of such Licensed Product, including value -added taxes, or other governmental charges otherwise imposed upon the billed amount, as adjusted for rebates and refunds ; ( e ) any invoiced amounts from a prior period which are not collected and are written off by [COMPANY] or its Affiliates, including bad debts ; ( f ) wholesaler and distribu tor administration fees ; and ( g ) other customary deductions taken in the ordinary course of business in accordance with IFRS ( International Financial Reporting Standards ) principles