definiens: . Net Sales shall mean, with respect to the relevant Product, the gross invoiced sales price of such Productby the relevant Party, its Affiliates, licensees and sublicensees to Third Parties, less the following deductions to the extentincluded in the gross invoiced sales price for such Product or otherwise directly paid or incurred by such Party, its Affiliates, licensees or sublicensees with respect to the sale of such Product, all as calculated in accordance with applicable AccountingStandards:1.60.1 normal and customary trade and quantity discounts actually allowed and properly taken directly with respectto sales of such Product;1.60.2 amounts repaid or credited by reason of rejections, recalls, returns, rebates and allowances;1.60.3 chargebacks and other amounts paid on sale or dispensing of such Product;1.60.4 retroactive price reductions that are actually allowed or granted;1.60.5 tariffs, duties, excise, sales, value - added or other taxes ( other than taxes based on income);1.60.6 cash discounts for timely payment;1.60.7 delayed ship order credits ; and1.60.8 discounts pursuant to patient discount programs and coupon discounts