definiens: means, with respect to a particular time period, the total amounts invoiced by Licensee and its Affiliates toThird Party purchasers ( including wholesalers and non - Affiliate Sublicensees ) in respect of sales of Product, less thefollowing deductions to the extent actually allowed to customers or incurred with respect to such sales : ( a ) normal and customary trade, quantity or prompt settlement discounts off the invoicedprice, allowances and credits ( other than price discounts granted at the time of invoicing which have already beenincluded in the gross amount invoiced ) ; ( b ) amounts repaid or credited because of rejections, returns, rebates, price adjustments orallowances for damaged products ; ( c ) rebates and similar payments made with respect to sales of Product paid for by anygovernmental authority, chargeback payments, repayments and rebates ( or the equivalent thereof ) granted to orimposed by group purchasing organizations, managed health care organizations or federal, state / provincial, local andother governments, including any or all of their regulatory authorities, agencies, review boards or tribunals, or tradecustomers ; ( d ) transportation costs, pre - wholesaling costs, distribution expenses, special packaging, freight, postage, shipping, transportation and insurance charges directly allocated to Product, provided that such costs, expenses and charges shall not exceed [ * * * ] percent ( [ * * * ] % ) of the invoiced amount of the Product, understanding ineach case that such costs, expenses and charges are on a pass - through basis without markup ; 8 ( e ) sales, value - added ( to the extent not refundable in accordance with applicable lawexcise taxes, tariffs and duties, and other taxes directly related to the sale ( but not including taxes assessed againstthe income derived from such sale ), Indirect Taxes, customs duties, customs levies and import fees imposed on thesale, importation, use or distribution of Product ; ( f ) any other normal and customary deductions actually allowed to customers that areconsistently applied from time - to - time by Licensee in accordance with its Accounting Standards ; ( g ) stocking allowances ; ( h ) amounts written off or not collected due to uncollectable invoiced amounts including baddebts, in amounts consistent with Licensee ’s usual practice and with its Accounting Standards ; and ( i ) any other payment which reduces gross revenue and is permitted to be deducted incalculating net sales in accordance with IFRS, provided that any differences in the treatment of such other payment asdetermined under US GAAP and IFRS shall be discussed by the JSC