definiens: means the gross invoice price of Product sold by Li censee, its Affiliates or Sublicensees for the sales of such Product to a Thi rd Party in the Licensed Territory after deducting, if not previously deducted and in accord ance with Accounting Standards, from the amount invoiced : ( i ) trade and quantity discounts other than early p ayment cash discounts ; ( ii ) returns, rebates, chargebacks and other allowa nces ; ( iii ) retroactive price reductions that are actuall y allowed or granted ; ( iv ) sales commissions paid to Third Party distributors and/or selling agents ; ( v ) deductions to gross invoice price of Product i m posed by Regulatory Authorities or other governmental entities ; ( vi ) a fixed amount equal to three percent ( 3 % ) of the amount invoiced to cover bad debt, early payment cash discounts, transportation and insuranc e and custom duties ; and 8 [ * * * ] INDICATES MATERIAL THAT WAS OMITTED AND FOR W HICH CONFIDENTIAL TREATMENT WAS REQUESTED . ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUAN T TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 19 34, AS AMENDED