definiens: means the gross amount invoiced by [COMPANY], its Affiliates or Sublicensees for sales of the Product to any Third Party ( other than any Sublicensee ), less deductions with respect to : ( a ) normal trade, cash and quantity discounts allowed by [COMPANY], its Affiliates or Sublicensees, including charge backs ; ( b ) credits, allowances or adjustments allowed by [COMPANY], its Affiliates or Sublicensees, including amounts allowed for returned or defective products ; ( c ) insurance and transportation charges paid by [COMPANY], its Affiliates or Sublicensees ; ( d ) custom duties, value added taxes ( V AT ), sales taxes or other governmental charges paid by [COMPANY], its Affiliates or Sublicensees in connection with such sales ( but excluding what is commonly known as income taxes ) ; ( e ) amounts debited by [COMPANY], its 6 Affiliates or Sublicensees on account of bad debts with respect to Net Sales previously invoiced ; and ( f ) rebates or reimbursements actually granted by [COMPANY], its Affiliates or Sublicensees to managed health care organizations, federal, state, or local governments ( or their agencies ), including Medicaid rebates . In the event any amounts debited on account of bad debts are subsequently recovered by [COMPANY], its Affiliates or Sublicensees, such amounts will be added to Net Sales for the calendar quarter in which such recovery occurred