definiens: shall mean the aggregate arms - length gross price invoiced by Company or its Affiliates for thesale for commercial use of Product to non - affiliated Third Parties during the relevant period, less deductions for ( i ) normal andcustomary trade and cash discounts, credits and allowances, normal and customary provisions for rejections and returns ofProduct, wholesaler fees, rebates or refunds incurred or granted ; ( ii ) sales, use or excise taxes and duties, and freight andinsurance, to the extent included in the gross price charged ; ( iii ) normal credits and chargebacks consistent with customarypractices in the industry ; ( iv ) sales credits, refunds, returns and allowances actually given, paid or received, as applicable ; and(vi ) bad debts to the extent that the debt written off was previously included in calculating Net Sales . Such amounts shall bedetermined from books and records maintained by Company in accordance with GAAP, consistently applied . For clarity, salesbetween or among Company and/or its 4 Affiliates shall be excluded from the computation of Net Sales, and in such case Net Sales shall be calculated based on the firstsale to a non - affiliated Third Party