definiens: means with respect to any Licensed Product, the gross amounts invoiced by [COMPANY], its Affiliates andSublicensees ( each, a ) to Third Party - 10 -50 customers for sales of such Licensed Product, less the following deductions actually incurred, allowed, paid, accrued orspecifically allocated in its financial statements in accordance with ( as applicable to the Selling Party ) GAAP or IFRS, for:(a ) customary and reasonable trade, quantity, and cash discounts and wholesaler allowances;(b ) customary and reasonable credits, rebates and chargebacks ( including those to managed - care entities andgovernment agencies ), and allowances or credits to customers on account of rejection or returns ( including, but not limited to, wholesaler and retailer returns ) or on account of retroactive price reductions affecting such Licensed Product;(c ) freight, postage and duties, and transportation charges relating to such Licensed Product, includinghandling and insurance thereto;(d ) sales ( such as VAT or its equivalent ) and excise taxes, other consumption taxes, customs duties andcompulsory payments to governmental authorities and any other governmental charges imposed upon the importation, use orsale of such Licensed Product to Third Parties ( excluding any taxes paid on the income from such sales ) to the extent theSelling Party is not otherwise entitled to a credit or a refund for such taxes, duties or payments made ; and(e ) amounts previously included in Net Sales that are written - off by the Selling Party as uncollectible inaccordance with the standard practices of such Selling Party for writing off uncollectible amounts, consistently applied;provided however that if any such written - off amounts are subsequently collected, such collected amounts shall be includedin Net Sales in the period in which they are subsequently collected