definiens: of a Licensed Product means the actual billings for the Sale of that Licensed Product, determined as follows : ( a ) if the Licensed Product is Sold by TILLOTTS or a Sublicensee to a third partythat is not a Related Party, actual billings will be TILLOTTS ’ or that Sublicensee ’s actual gross invoiceamounts, as the case may be ; ( b ) if the Licensed Product is Sold by TILLOTTS or a Sublicensee to aRelated Party for subsequent Sale, actual billings will be that Related Party ’s actual gross invoice amountsfor that subsequent Sale . Actual billings will be determined based on Licensed Products Sold in a dosageform suitable for final usage by the administering physician or other consumer . If not Sold in that form, actual billings will be determined by converting the quantity of Licensed Product actually Sold into thequantity that would have been Sold in final dosage form and multiplying that adjusted quantity by thecustomary unit price for Licensed Products Sold in each pertinent country in final dosage form . Whenfactually applicable or taken, the following deductions shall be deducted from actual billings as determinedabove : ( i ) sales taxes, use taxes, duties or other governmental charges imposed upon particular sales tothe extent included as a separate charge in the amount of actual billings ; ( ii ) amounts allowed or credited onrejections or returns, including recalls ( to the extent such Licensed Product is not replaced by the supplier);(iii ) normal and customary discounts, including cash discounts, discounts to payors, health insurances orsimilar organizations or government organizations, rebates paid, credited, accrued or actually taken, including chargebacks, and mandated retroactive price reductions or adjustments made under TILLOTTS’programs designed to enhance availability of the Licensed Product to low - income patients, in each case tothe extent actually allowed or granted from the billed amount ; ( iv ) charges for freight, postage, shipping, freight allowances and outbound transportation costs, including respective insurances, paid to the extentincluded as a separate charge in the amount of the actual billings ; and ( v ) actual uncollectible accountsreceivables ( to the extent reflected in TILLOTTS ’ books ) . Billings and deductions will be determined inaccordance with the accrual method of accounting in accordance with the principles of the InternationalFinancial Reporting Standards ( IFRS ), applied on a consistent basis . No other allowance or deduction maybe made, including allowances or deductions for any commissions or sales fees by whatever name known