definiens: means, with respect to any Product, the gross sales price of such Product invoiced by Stowe, its Sublicensees, and its and th eir respective Affiliates ( collectively, the ) to customers who are not Affiliates ( or are Affiliates but are the end users of such Product ), less : ( a ) credits, allowances, discounts and rebates to, and chargebac ks from the account of, such customers actually gra nted in the ordinary course of business ; ( b ) freight and insura nce costs in transporting Product in the ordinary c ourse of business ; ( c ) cash, quantity and trade discounts, r ebates and other price reductions for Product ; ( d ) sales, use, value - added and other direct Taxes if separately charged or invoiced ( but not including Taxes based on the S towe Group ’s profits ) ; ( e ) customs duties, tariffs, surcharges a nd other governmental charges incurred in exporting or importing Product if separately invoiced ; and ( f ) an allowanc e for uncollectible or bad debts determined in acco rdance with GAAP not to exceed three percent ( 3 % ) of Net Sales of such Product for the applicable quarterly report ing period prior to giving effect to this subsection ( f ) . No d eductions shall be made for commissions paid to ind ividuals, whether they be with independent or affiliated sale agencies or regularly employed by the Stowe Group, and on its payroll, or for the cost of collections