definiens: means, with respect to any period, the total amount billed or invoiced on sales of the Productduring such period anywhere in the Territory by Knight and its associated parties to unaffiliated third parties inbona fide arm ’s length transactions, less the following deductions, in each case to the extent reasonable andcustomarily provided to unaffiliated entities and actually allowed and taken with respect to such sales:(i ) credits, price adjustments or allowances for damaged products, returns or rejections of the Product ; ( ii ) normal and customary trade, cash and quantity discounts, allowances and credits ( other than pricediscounts granted at the time of invoicing which have already been included in the gross amount invoiced ) ; ( iii ) chargeback payments, repayments and rebates ( or the equivalent thereof ) granted to or imposed by grouppurchasing organizations, managed health care organizations or federal, state / provincial, local and othergovernments, including any or all of their regulatory authorities, agencies, review boards or tribunals, or tradecustomers ; ( iv ) sales, value - added ( to the extent not refundable in accordance with applicable law ), and excise taxes, tariffs and duties, and other taxes directly related to the sale ( but not including taxes assessed against theincome derived from such sale )