definiens: shall mean the rice and shall b fifty - four percent ( 54 % ) of AS conditions : be paid by BSC to the Company for a Final Product calculated by reference to the following terms and ~~ • means oss revenues from the sale of a Final Product by ~ party, mmus e uctlOns . -I\~ • mean1cash dIscounts, rehm<1S, replacements or credit ) allowed to purchasers for return ot a Product or as reimbursement for a damaged Product, shipping costs, sales and use taxes, customs and any other governmental tax or charge ~ t .. ­(except income tax ) imposed on or at the time of production, importation, use or sale of a 1\ -,t\7f, : Product, including VAT taxes . \ -,- • The Average Selling Price ( ) fora Final Product shall be initially set by BSC . BSC shall re - calculate ASP each February 1 and August 1, beginning after two full fiscal quarters ofBSC have elapsed following commercial launch of a Final Product . The ASP ( other than the prices designated by BSC as the initial ASP ) of a Fina Product shall be equal to . the average of Net Revenue for each unit of a Final Product . shipped or soldduringtheimm.edlately ' Precedingsix ~ irionthfisc ~ rperiod(eiidirig on December 31 .and June 30, respectively ) as recognized by BSCin accordance with generally acceptable accounting principles utilized by BSC in preparing its publicly reported financial statements