definiens: means, with respect to a particular time period, the total amounts invoiced by [COMPANY], itsAffiliates and their respective sublicensees for sales of Products made during such time period to unaffiliated Third Parties, less the following deductions to the extent actually allowed or incurred with respect to such sales : ( a ) normal and customary discounts, including trade, cash and quantity discounts, administrative feesincurred directly in such discounting, and rebates actually granted to customers and distributors ; ( b ) credits, reasonable price adjustments or allowances actually granted for damaged, outdated, spoiled, returned or rejected Products, including, without limitation, in connection with recalls ; and ( c ) chargeback payments and rebates ( or the equivalent thereof ) for the Products granted to grouppurchasing organizations, managed health care organizations or to federal, state / provincial, local and other governments, including their agencies, or to trade customers ; ( d ) reasonable and customary freight, shipping insurance and other transportation expenses directlyrelated to the sale of the Products ; ( e ) Taxes in the Licensed Territory, as adjusted by any refunds ; and In addition, [COMPANY] may deduct from invoiced sales in a particular quarter any amounts due and payable for Product whichare recognized by [COMPANY] as being actual, uncollectable amounts in that quarter, where collectability is determined inaccordance with IFRS consistently applied to all [COMPANY] products