definiens: shall mean the gross amount invoiced by BIOVENTUS ( or by its AUTHORIZED DISTRIBUTOR, in cases where the AUTHORIZED DISTRIBUTOR is selling the PRODUCT ) for sales of PRODUCT under this Agreement, minus any and all deductions actually taken by BIOVENTUS or the AUTHORIZED DISTRIBUTOR with respect to such sales in accordance with GAAP, including, but not limited to, deductions for : ( i ) trade, quantity, prompt pay and cash discounts, coupons, rebates and other price reductions for the PRO DUCT ; ( ii ) credits and allowances for rejection or return of PRODUCT previously sold, bad debts, price protection and shelf stock adjustments ; reprocurement charges and other similar charges and administrative, data and inventory management fees ; and ( iii ) rebates and chargebacks, including, but not limited to, any payments required by law to be made under Medicaid, Medicare or other government medical assistance programs