definiens: means the gross invoiced sales by a Party and/or its Related Parties to Third Parties for Licensed Products sold, less deductions, consistent with applicable Accounting Standards used in the applicable reporting period for such Party ’s consolid ated financial reporting purposes, which will be limited to : ( a ) price adjustments, chargeback payments, credits, or rebates ( or the equivalent thereof ), allowances allowed and taken, quantity or other trade discounts and other amounts paid on sale of Lice nsed Products, including those granted to and actually used by group purchasing organizations or other buying groups, managed healthcare organizations, pharmacy benefit management companies, health maintenance organizations and any other providers of healt h insurance coverage, health care organizations or other healthcare institutions ( including hospitals ), Third Party health care administrators or patient assistance or other similar program, or to federal, state / provincial, local and other governments, inc luding their agencies, or to wholesalers, distributors and other trade customers ; ( b ) sales, use, tariffs, value -add, and/or excise taxes, or other governmental charges and tariffs incurred in connection with exportation or importation directly imposed and with reference to particular sales ; ( c ) reasonable and customary freight, postage, shipping, insurance and other transportation expenses and delayed ship order credits reflected in the applicable invoice and paid by the customer ; and ( d ) amounts allowed, repaid or credited due to defects, returns, rejections, recalls, rebates and replacements and allowances of goods or because of retroactive price reductions ; ( e ) normal and customary rebates, trade, cash or quantity discounts ; billing errors ; coupons for p rice reductions ; ( f ) required distribution commissions / fees payable to Third Party wholesalers for distribution of the Licensed Products ; ( g ) allowance and write -offs for bad debt made in accordance with generally accepted accounting principles, consistent ly applied to all of such Party ’s products ; ( h ) discounts pursuant to indigent patient programs and patient discount programs including coupon discounts ; and ( i ) any item, substantially similar in character or substance to any of the foregoing permitted by the applicable Accounting Standards and customary in the pharmaceutical industry