definiens: means the aggregate amount invoiced by LOS or its Affiliates or any of its sublicensees to a third party distributor ( who is not a sublicensee ), agent, contractor or end user for the sale of the Product less : ( a ) credits, refunds and allowances separately and actually credited to customers for defective, spoiled, damaged, outdated, and returned products, ( b ) offered and taken trade volume and cash discounts and rebates ( including coupons and government charge - backs ) in amounts customary to the trade, and ( c ) sales, excise, value added, turnover, use, and other like taxes, and customs duties, paid, absorbed or allowed excluding net income tax, to the extent invoiced . The amounts of any deductions taken pursuant to clauses ( a)-(c ) shall ( i ) be determined from books and records maintained in accordance with United States enerall ted accounting principles, consistently applied, and ( ii ) in any event 6 . REGULATORY FILINGS AND APPROVALS 6.1 Reporting Requirements . In the event that LOS engages in manufacturing the Products, LOS shall maintain and fulfill all reporting requirements of applicable federal and state regulatory agencies with respect to the Products manufactured by LOS or its subcontractors