definiens: means the aggregate gross revenues derived by Company from the sale of Licensed Products to anunaffiliated third party in an arms length transaction, less credits granted on account of price adjustments, recalls, rejections or return of items previously sold, costs of insurance, packing and transportation, and excises, sales taxes, duties or other taxes imposed upon and paid with respect to such sales . In the event that a Licensed Product contains anactive component ( including a SNP ) not covered by a Valid Claim in the country in which the Licensed Product is sold, from such sales shall be calculated by reducing the Net Sales of that Licensed Product by the lesser of [ * ] orthe percentage that reflects the actual royalty paid for each such active component included in such Licensed Product, but in no event shall the Net Sales be reduced more than [ * ] from the aggregate gross revenues derived by the Companyfrom such sale, irrespective of the number of such active components . Where a Licensed Product is not sold, but isotherwise disposed of, Net Revenue for the purpose of computing royalties shall be the net income derived by Companyfrom selling a Licensed Product to an unaffiliated third party in an arms length transaction