definiens: means with respect to a Product, the gross amount invoiced for sales of any Product in the Territory in arm 's length sales by Endo ( and its authorized affiliates and/or sublicen?ees ) to Third Parties, less the following deductions from such gross amounts which are actually incurred, allowed, accrued or specifically allocated to such Product : ( i ) credits, price adjustments or allowances for damaged products, returns or rejections of Product ; ( ii ) normal and customary trade, cash and quantity discounts, allowances and credits ( other than price discounts granted at the time of invoicing which have already been included in the gross amount invoiced ) ; ( iii ) chargeback payments, repayments and rebates ( or the equivalent thereof ) granted to or imposed by group purchasing organizations, managed health care organizations or federal, state / provincial, local and other governments, including any or all of their regulatory authorities, agencies, review boards or tribunals, or trade customers ; ( iv ) any invoiced freight, postage, shipping, insurance and other transportation charges ; ( v ) sales, value - added ( to the extent not refundable in accordance with applicable law ), and excise taxes, tariffs and duties, and other taxes directly related to the sale ( but not including taxes assessed against the income derived from such sale ) ; ( vi ) stocking allowances ; and ( vii ) any other payment which reduces gross revenue and is permitted to be deducted in calculating net sales in accordance with GAAP