definiens: means, with respect to sales of the Licensed Product by [COMPANY], its Affiliates or its Sublicensees, the gross amounts invoiced for sales of the Licensed Product in the Territory to customers during the applicable period in bona fide arms ’ length transactions, less the following deductions whic h are actually incurred or allowed with respect to such sales of the Licensed Product using U.S. generally accepted accounting principles ( ) consistently applied, and not otherwise recorded by or reimbursed to the selling party or its Affiliates : ( i ) Customary trade, quantity and cash discounts ; ( ii ) Customary discounts, refunds, rebates ( including customer inventory management fees ), chargebacks, and retroactive price adjustments ; ( iii ) Accrued product returns and allowances ; ( iv ) Any tax imposed on the production, sale, delivery or use of the Licensed Product, including sales, use, excise or value added taxes ; ( v ) Allowance for distribution expenses commercially incurred in the distribution from [COMPANY] and its Affiliates to any customer ; and ( vi ) Any similar and customary allowance, discount or deduction in the pharmaceutical industry in accordance with U.S. GAAP, consistently applied