definiens: means the average sales price of a Licensed Product sold by [COMPANY], its Affiliates and USSublicensees . The Average Sales Price shall not be determined with reference to sales outside the U.S. by a Sublicensee towhom [COMPANY] has sublicensed a Licensed Product, but shall include sales of US Sublicensees in the U.S. If a Licensed Productis sold in multiple formats or for multiple indications, a separate Average Sales Price shall be calculated for each format orindication . The preliminary Average Sales Price ( ) of a Licensed Product for an upcomingCalendar Year in which [COMPANY], its Affiliates or US Sublicensees sell a Licensed Product shall be the actual Average Sales Pricefor the preceding Calendar Year . The Adjusted Average Sales Price ( ) for a Calendar Year shallbe calculated and reported by [COMPANY] to [COMPANY] no later than ninety ( 90 ) days after the end of the applicable CalendarYear