definiens: shall mean as to any period f or each Licensed Product in a given country, the gross invoiced sales price for a ll such Licensed Products sold or commercially disposed of for value in such country by a Party, or such Party 's Sublicensees, in arm 's length sales to inde pendent third parties in that period, after deduction of the following items incu rred by a Party or such Party 's Sublicensees, as the case may be, during su ch period with respect to sales of Licensed Products hereunder regardless of the period in which such sales were made, provided that such items are inclu ded in the price charged, and do not exceed reasonable and customary amounts in t he country in which such sale occurred : ( i ) trade and quantity discounts or rebates act ually taken or allowed ; ( ii ) credits or allowances given or made for re jection or return of previously sold Licensed Products actually t aken or allowed ; ( iii ) any tax or government charge ( including a ny tax such as a value added or similar tax or government charge other th an an income tax ) levied on the sale, transportation or delivery of a Li censed Product and borne by the seller thereof ; and 6 < PAGE > ( iv ) any charges for freight or insurance bille d to the final customer