definiens: shall mean the gross amount invoiced by Licensee or its Affiliate(s ), for allsales of Licensed Products, Licensed Processes and Licensed Services less ( a ) discounts actually allowed;(b ) credits for claims, allowances, retroactive price reductions or returned goods ; ( c ) prepaid freight and transitinsurance ; ( d ) sales taxes or other governmental charges actually paid in connection with sales of Licensed Products, Licensed Processes or Licensed Services ( but excluding what are commonly known as income taxes and value - added taxes ) ; ( e ) amounts payable resulting from governmental ( or agency thereof ) mandated rebate programs ; and(f ) any other specifically identifiable amounts included in gross sales that will be credited for reasons substantiallyequivalent to those listed hereinabove . For purposes of determining Net Sales, a sale shall be deemed to haveoccurred when an invoice therefore shall be generated or the Licensed Product shipped for delivery, Licensed Processcompleted, or Licensed Service provided