definiens: means gross invoiced sales of Product t o Third Parties by [COMPANY] or its Affiliates or sublice nsees in a particular period, less the following deductions fr om such gross amounts which are actually incurred, allowed, paid, accrued or specifically allocated : ( a ) credits or allowances actually granted for dama ged Product, returns or rejections of Product, pric e adjustments, and billing errors ; ( b ) governmental and other rebates ( or equivalents thereof ) granted to managed health care organizatio ns, pharmacy benefit managers ( or equivalents thereof ), national, state / provincial, local, and other gover nments, their agencies and purchasers, and reimbursers, or to trade customers ; ( c ) such Party ’s normal and customary trade, cash a nd quantity discounts, allowances, and credits actu ally allowed or paid ; ( d ) commissions allowed or paid to Third Party dist ributors, brokers, or agents other than sales perso nnel, sales representatives, and sales agents employed by such Party ; ( e ) transportation costs, including insurance, for outbound freight related to delivery of Product to the extent included in the gross amount invoiced ; ( f ) sales taxes, value added taxes ( VAT ), and other taxes directly linked to the sales of Product to t he extent included in the gross amount invoiced ; ( g ) the actual amount of any write offs for bad deb t directly relating to sales of Product in the peri od ; and ( h ) any other items actually deducted from gross in voiced sales amounts as reported by [COMPANY] in its fina ncial statements in accordance with the International Fin ancial Reporting Standards, applied on a consistent basis