definiens: in any Calendar Quarter means ( A ) in respect of sales of Products prior to the Transition Effective Date all revenue from the sale or exploitation . in any ~anner of Products in such quarter by [COMPANY] or its Affiliates or sublicensees to ThIrd PartIes, to the extent actually taken, granted, or incurred by [COMPANY] in accordance with lAS 18 criteria, less : 1 . trade and/or quantity discounts actually allowed ; 2 . sales, value added or other excise taxes paid on the sale of the Products that are non - refundable ; 3 . amounts repaid or credited by reason of purchase chargebacks, rebates, rejections or returns ; 4 . charges for freight, handling and transportation separately billed ; and ( B ), solely, in respect of sales of Visudyne Product upon and after the Transition Effective Date, shall mean the net sales on behalf of [COMPANY] and any of its Affiliates or sublicensees for the Visudyne Product sold to Third Parties other than sublicensees in bona fide, arms - length transactions, as determined [ in accordance with Nova rtis, usual and .customary, acco ~ nting methods, which are ] in accordance with IFRS Qn.ternational Financial . ~eporting Standards)as consistently applied at [COMPANY], including ta deductioli Offt : fi~~"":pereentage ( ) f·ione : percent ( 1 % ) Jor ~irect'~xpensesrelated to the sale of the •. J?roduct, .di ~ tribution .. a.nd . ware.housing expenSes ] and any amounts credited for uncollectible amounts on previously sold products