definiens: means the gross amounts invoiced by Licensee or its Affiliates for the sales of aLicensed Product to FKC and all Third Party Dialysis Organizations in the Territory, to the extentrecognized and allowed in accordance with the Accounting Standards, as applicable andconsistently applied, less the following deductions : 1.70.1inventory management fees paid to distributors and reasonably allocated to suchLicensed Product, not to exceed [ * * ] % of aggregate Net Sales in the applicableperiod ; 1.70.2tariffs, duties, excises, value added tax, and other sales taxes, and other taxesimposed upon and paid with respect to the sale, transportation, delivery, use, exportation, or importation of such Licensed Product ( which taxes do not includeincome taxes ) ; 1.70.3amounts actually repaid or credited upon returns, rejections, defects, recalls ( dueto spoilage, damage, or expiration of useful life ), price adjustments, billing errors, or trial prescriptions ; 1.70.4freight, shipping, and insurance expenses specific to such Licensed Product andallocated accordingly ; 1.70.5allowances or credits actually paid or given to customers on account of pricereductions affecting such Licensed Product ; and 1.70.6discounts actually paid under state - legislated or Licensee - sponsored discountprescription drug programs or reductions or coupon and voucher programs