definiens: means the gross amount invoiced for sales of a Pro duct in a particular territory by [COMPANY], its Affiliates or their permitted sublicen sees to an unrelated Third 4 Party, less ( to the extent incurred for such Produc t in such territory ): ( i ) discounts, including cash discounts ( including quantity discounts ), charge - back payment s and rebates granted to managed health care organi zations or to federal, state and local governments, their a gencies, and purchasers and reimbursers or to trade customers, including but not limited to, wholesalers and chain and pharmacy buying groups ( with any such discount s or reductions which are based on sales to the customer of multiple products being allocated to such Produ ct on the basis of a methodology approved by the Parties ), ( i i ) credits or allowances actually granted upon clai ms, damaged goods, rejections or returns of such Produc t, including recalls, ( iii ) freight, postage, shipp ing and insurance charges actually allowed or paid for deli very of such Product, to the extent billed, ( iv ) co mmissions paid to Third Parties, ( v ) taxes, tariffs, duties o r other governmental charges levied on, absorbed or otherwise imposed on sale of such Products, including without limitation value - added taxes, or other governmenta l charges measured by the billing amount, when included in bi lling, as adjusted for rebates and refunds and ( vi ) bad debts ( determined in accordance with the normal accountin g procedures of, and applied consistently within an d across the operating units of, [COMPANY], its Affiliates or their permitted sublicensees )