definiens: means the gross amount billed or invoiced on sales of Products in the Territory by Roivant, itsAffiliates or Third Party licensees ( or any permitted assignee or transferee hereunder as contemplated bySection 10.2.2 ) under the Transferred Intellectual Property, less the following deductions from such grossamounts which are actually incurred or accrued by Roivant, its Affiliates or Third Party licensees under theTransferred Intellectual Property : ( a ) credits or allowances actually granted for damaged products, returns orrejections of Products ; ( b ) normal and customary trade, cash and quantity discounts, allowances and credits(including chargebacks ) ; ( c ) excise taxes, sales taxes, duties, VAT taxes and other taxes to the extentimposed upon and paid directly with respect to the sales price ( and excluding national or local taxes based onincome ) ; ( d ) freight, postage, shipping and shipping insurance expenses, collectively subject to a [ * * * ] cap;(e ) rebates made with respect to sales paid for by any governmental or regulatory authority ; ( f ) the portion ofadministrative fees paid during the relevant time period to group purchasing organizations or pharmaceuticalbenefit managers relating to a Product, subject to a [ * * * ] cap ; and ( g ) any invoiced amounts that are notcollected by Roivant, its Affiliates or Third Party licensees, including bad debts, subject to a [ * * * ] cap