definiens: shall mean, with respect to any Product, the total amount invoiced by [COMPANY], its Affiliates orPermitted Sublicensees to each Third Party receiving Product, less : ( a ) discounts,2including cash and quantity discounts, charge - back payments and rebates granted to managed health careorganizations or to federal, state and local governments, their agencies, purchasers and reimbursers or to tradecustomers ; ( b ) credits or allowances actually granted upon claims, damaged goods, rejections or returns of suchProducts, including recalls ; ( c ) freight, postage, shipping, transportation and insurance charges actually allowed orpaid for delivery of Products to the extent billed ; ( d ) sales ( such as value - added tax or its equivalent ) and excise taxes, other consumption taxes, customs duties and compulsory payments to governmental authorities and any othergovernmental charges imposed upon the importation, use or sale of such Product ( excluding any taxes paid on theincome from such sales ) . Notwithstanding the foregoing, amounts received by [COMPANY], its Affiliates or PermittedSublicensees for the sale of Product among [COMPANY], its Affiliates and Permitted Sublicensees for resale shall not beincluded in the computation of Net Sales hereunder