definiens: with respect to a product shall mean the gross amount invoiced by or on behalf of a Party or its Affiliates, licensees or sublicensees for such product sold to Third Parties other than licensees or sublicensees, in bona fide, arm’s - length transactions, less the following deductions, determined in accordance with such Party ’s standard accountingmethods as generally and consistently applied by such Party, to the extent included in the gross invoiced sales price of theproduct or otherwise directly paid or incurred by such Party, its Affiliates, licensees or sublicensees acting on its behalf withrespect to the sale of such product:(i)normal and customary trade and quantity discounts actually allowed and properly taken directly with respectto sales of the product;(ii)amounts repaid or credited by reasons of defects, recalls, returns, rebates and allowances of goods orbecause of retroactive price reductions specifically identifiable to the product;(iii)chargebacks, rebates ( or the equivalent thereof ) and other amounts paid on sale or dispensing of the product;8(iv)rebates ( or the equivalent thereof ) and administrative fees paid to medical healthcare organizations, to grouppurchasing organizations or to trade customers in line with approved contract terms or other normal andcustomary understandings and arrangements;(v)amounts payable resulting from governmental ( or agency thereof ) mandated rebate programs or chargebackprograms;(vi)tariffs, duties, excise, sales, value - added and other taxes ( other than taxes based on income ) and charges ofGovernmental Authorities;(vii)cash discounts for timely payment;(viii)rebates paid to wholesalers for inventory management programs;(ix)amounts repaid or credited or provisions made for uncollectible amounts on previously sold products ; and(x)required distribution commissions / fees ( such as fees related to services provided pursuant to distributionservice agreements with major wholesalers ) payable to any Third Party providing distribution services to suchParty so long as such commissions / fees are consistent with the distribution commissions / fees payable inrespect to other branded Rx Products commercialized by such Party;all as determined in accordance with such Party ’s usual and customary accounting methods, which shall be in accordance withthe Accounting Standards