definiens: shall mean the gross consideration actually received or collected by NewLink and/or any Affiliate from the transfer, sale or other commercial distribution of any Licensed Product to a third party customer, less : Page 3 of20 ( 1 ) revenue credited or rebated on returns and allowances, and bad debts ; ( 2 ) discounts, in amounts customary in the trade and to the extent actually granted, for quantity purchases, for prompt payments and for wholesalers and distributors ; ( 3 ) transportation, shipping, insurance and delivery charges or allowances ; ( 4 ) customs, duties ; ( 5 ) sales, use, excise, value - added and other taxes ( other than the taxes on the income of the selling party or NewLink ) or other governmental charges measured by sales ; ( 6 ) governmental and managed care rebates or chargebacks to the extent actually incurred or allowed with respect to Licensed Product sold during the relevant time period to group purchasing organizations, hospitals, or other buying groups ; and ( 7 ) retroactive price reductions that are actually allowed or granted