definiens: means the gross amount billed for Products sold or otherwise distributed to any party by Licensee, its Affiliates or its sub - licens ees ( not including sales or other distribution by L icensee to its Affiliates or sub - licensees ), less the followin g deductions to the extent consistent with Licensee ’s standard trade terms for like products and with GAAP ): ( i ) Trade, quantity or cash discounts applicable to gross amounts billed and allowed, paid or otherwise included in determining net sales ; ( ii ) Credit or allowance, if any, given or made on account of returns ( supported by appropriate documentation ) of Products previously delivered ; an d 3 ( iii ) Charge back payments and rebates granted to managed health care organizations or to national, federal, state or local governments, thei r agencies or reimbursers, or to trade customers, including but not limited to wholesalers and chain and pharmacy buying groups