definiens: shall mean the aggr ~ gate gross revenues, whether in cash or in kind, derived by or payab1e from or on accoWlt of the sale of Licensed Products, less actual amounts incurred for ( a ) credits or /.8gal C(1mmolllC ( 11'1(,.acts!T anoUl.ic OpinlExB oao ) J j 10128 12 000315, ! l i f .1 allowances, if any, actually granted on account of price adjustments . recalls, rejection or return of items previously sold, ( b ) excise and sales ta.~es . duties or other taxeS imposed on and paid with respect to such sales ( excluding income or franchise taxes of any kind ) and ( c ) outer packing . freight and freight insurance costs . AU am0';"llts deducted under this Section 1.06 shall be properly documented and specified .in any summary report proVJded to POL under Section 3.07 . IfTANOX or any of its Affiliates or sublicensees receive non - cash consideration for any Licensed Product sold or otherwise transferred to an independent third party not an Affiliate of the seller or transferor, the fair market value of such non·cash considetation .on the date of such transfer as known to T ANOX . or as reasonably estimated by T ANOX if unknown, shaH be included in the definition of Net Sales