definiens: means the gross amounts invoiced or otherwise billed ( or, if not invoiced orbilled, received as barter, non - cash consideration or otherwise ), by Licensee, its Aﬃliates and sublicensees inconnection with the sale, lease or other transfer for value of Licensed Products to Third Parties ; less ( a)amounts actually allowed or credited for [ * * * ] ( to the extent not already reﬂected in or deducted from the grossamount invoiced ), excluding [ * * * ], ( b ) packing costs, insurance costs, freight out, transportation costs, VATand import duties imposed on the transaction ( c ) wholesaler, cash discounts and distributor costs in amountscustomary in the trade to the extent actually granted or incurred, included in the invoice, separately itemizedon the invoice and not already reﬂected in or deducted from in the gross amount invoiced, ( d ) bad debtwritten oﬀ under Accounting Standards, [ * * * ] with reasonable collection eﬀorts and added back if collected, ineach case ( a ), ( b ), ( c ), and ( d ) to the extent allocable to the Licensed Products ; provided that, in no event ( i)shall the [ * * * ] ( ii ) shall any item of deduction be counted more than once and ( iii ) shall VAT be deducted forthe purposes of calculating Net Sales if and to the extent such amounts are ﬁnally reimbursable to Licensee