definiens: shall mean, for a Licensed Product in a particular period, the sum of ( a ) and ( b ): ( a ) the amount stated in ( i ) for [COMPANY], the [COMPANY] H olding AG line of its externally published audited consolidated financial statements or ( ii ) f or SQZ, SQZ ’s audited consolidated financial statements, in accordance with the Accounting Stand ards, as applicable, with respect to such Licensed Product for such period ( excluding sales to an y Sublicensees that are not Affiliates of such Part y ) . This amount reflects the gross invoice price at which su ch Licensed Product was sold or otherwise disposed of ( other than for use as clinical supplies or free samples ) by a Party and its Affiliates to such Thi rd Parties ( excluding sales to any Sublicensees that a re not Affiliates of such Party ) in such period reduced by gross - to - net deductions, if not previous ly deducted from such invoiced amount, taken in accordance with the then currently used Account ing Standards