definiens: means, with respect to Product, the total amount bi lled or invoiced by any Permitted Seller to unrelated Third Persons for sales of Prod uct in the Territory less the following deductions calculated in accordance with GAAP, consistently applied : ( i ) trade, cash and quantity discounts actually tak en on such ; ( ii ) taxes on sales ( such as sales or use taxes ) to the extent added to the sale price and set forth separately as such in the total amount invoiced ; ( iii ) freight, insurance and other transportation c harges to the extent added to the sale price and se t forth separately as such in the total amount invoic ed ; and ( iv ) reserves for amounts to be repaid or credited by reason of rejections, defects, recalls or return s or because of retroactive price reductions, chargeb acks, rebates or commissions, made in accordance wi th generally accepted accounting principles and Permit ted Seller ’s accounting policies