definiens: shall mean the gross inv oice price ( not including value added taxes, sales taxes, or similar taxes ) of Licensed Product sold by Aligos or its Affiliates or Sublicensees to the first third party after deducting, if not previously deducted, from the amount invoiced or received : • customary trade, cash, and quantity discounts actually allowed and taken other than early payment cash discounts ; • credits actually given for : rejected or returned products, rebates granted to customers including managed health care or governmental organizations, chargebacks ; • retroactive price reductions that are actually allowed or granted ; • deducti ons actually incurred for : Health Care Reform fees and similar deductions to gross invoice price of Licensed Product imposed by regulatory authorities or other governmental entities ; • sales commissions paid to third party distributors and/or selling agents ; • an amount to cover bad debt actually incurred, early payment cash discounts, transportation and insurance and custom duties, if actually paid ; and • the standard in ventory cost of devices or delivery systems used for dispensing or administering Licensed Product