definiens: shall mean the aggregated gross amounts invoiced by [COMPANY] in respect of gross sales of the Products in each country of the Territory under thi s Agreement by [COMPANY] or its Affiliates to Third Parties at an arm ’s length open market price less d eductions actually allowed in relation to or specifically allocated to the Products by [COMPANY] usi ng generally accepted accounting standards for : ( i ) ordinary and customary quantity, trade and/or cash discounts actually granted and logistics service provider fees paid and payable ; ( ii ) amounts repaid or credited and allowances including cash or credit, given by reason of retroactive price reductions, or billing errors or rebates actually allowed or paid ; ( iii ) amounts refunded or credited for the Products which were rejected, spoiled, damaged, outdated or returned ; ( iv ) distribution, packing, handling, freight, shipment and insurance disbursements in transporting the Products to customers ; ( v ) taxes and other governmental charges occurred in co nnection with sale of the Products ; and ( vi ) bad debts excluding any amounts actually recovered including VAT actually written off due to the customer going into insolvency to the extent th ey are attributable to the Products . In such a case, [COMPANY] shall be entitled to deduct such an amo unt from gross sales less * * * ( * * * ) percent of the Net Selling Price, which the Parties hereby agree represents GW ’s costs of manufacture, provided always that [COMPANY] had previously paid GW t he supply price