definiens: shall mean Pen n 's and its Affiliates invoiced sales price of Penn Product bille d to unaffiliated customers in the future ( if any ) in accordance with the 3 < PAGE > provisions of Section 13.3(c ) hereof, less : ( i ) to the extent such amounts are included in the invoiced sales price, charge - backs for spoiled, damaged or out - dated product, ( ii ) quantity and other trade discounts and early settlement discounts ( where such discounts are effectively non - discretionary and are give n as a matter of course ) actually allowed and taken, ( iii ) transpor tation, insurance and handling expenses to the extent chargeable to such sales, ( iv ) sales, value - added and other direct taxes incurre d, ( v ) customs duties and surcharges and other governmental charges incurred in connection with the exportation or importation of Penn Pro duct, and ( vi ) legally mandated rebates, if any shall mean Penn 's fully allocated cost of manufacture of each of the Products, respe ctively