definiens: means, withrespect toaProduct, thenetsalesonbehalf ofaParty oranyAffiliate, licensee orsublicensee ofsuchParty, fortheProduct soldtoThird Parties ( otherthanlicensees orsublicensees ) inbona fide, arm's - length transactions, asdetermined inaccordance withapplicable IFRS Accounting Standards, asconsistently applied, andwhich shallinclude thefollowing customary deductions from theinvoiced saleprice, asgenerally andconsistently applied byaParty:(a ) normal andcustomary trade andquantity discounts ( including freeProduct(s » actually allowed andproperly taken directly withrespect tosalesoftheProduct;(b ) amounts actually repaid orcredited byreasons ofdefects, rejection recalls, returns, rebates andallowances ofgoods;(c ) chargebacks andother amounts paid onsaleordispensing ofsuchProduct;BOS11l 12089676.1 11Highlighted portions indicate material forwhich confidential treatment isrequested