definiens: means any and all gross revenues actually received by [COMPANY] and itsAffiliates on account of the sale or transfer of Licensed Product by [COMPANY] or its Affiliate to aThird Party, less the following:(a ) trade, quantity, promotional and other customary discounts actually allowed andtaken directly with respect to such sales, or amounts repaid or credited because of retroactiveprice adjustments;(b ) rebates ( including price reductions, rebates to social and welfare systems, chargebacks or reserves for chargebacks, cash rebate incentives, government mandated rebatesand similar types of rebates);(c ) the portion of administration fees paid to group purchasing organizations or pursuantto inventory management agreements with Third Party wholesalers and warehousing chainsrelated exclusively to the distribution of Licensed Product;(d ) tariffs, duties, excises, sales taxes or other taxes imposed and paid with respect tothe production, sale, delivery or use of such Licensed Products ( excluding national, state or localtaxes based on income);(e ) the amount of chargebacks, and amounts repaid or credited by reason of rejections, recalls, damages or returns of goods, costs to return Licensed Product of the type described insub - paragraph ( f ) below, and costs of disposal of recalled Licensed;(f ) freight, postage, shipping, transportation and insurance charges actually allowed orpaid by [COMPANY] or any of its Affiliates for delivery of Licensed Products sold by [COMPANY] or any ofits Affiliates to a Third Party and to the extent added to the sale price and set forth separately assuch in the total amount invoiced ; and 3(g ) a reasonable allowance for bad debt calculated in accordance with GAAP