definiens: means the gross amount billed by [COMPANY], its Affiliates or Sublicensees to Third Parties throughout the Territory for sales of the Product, less ( a ) sales returns and allowances, including trade, quantity and cash discounts and any other adjustments, including those granted on account of price adjustments, billing errors, rejected goods, damaged goods, returns, rebates, chargeback rebates, fees, reimbursements or similar payments granted or given to wholesalers or other distributors, buying groups, healthcare insurance carriers or other institutions, ( b ) accrued allowances for normal and customary trade, quantity and cash discounts, ( c ) an aggregate flat percentage of one percent ( 1 % ) * ( regardless of actual cost ) for all of the following actually invoiced to the Third Party : freight, transportation, insurance, handling, packing and distribution charges, ( d ) the lower of one percent ( 1 % ) * or the actual loss experience of the global [COMPANY] - Schering Pharmaceuticals group in respect of bad debts written off, provided, however, that such amount shall not exceed $ 1,000,000 * on an annual basis, ( e ) customs or excise taxes including import duties and other duties relating to sales, ( f ) any payment in respect to sales to any governmental authority in respect of any government Boldface underline format indicates that certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission . Confidential treatment has been requested with respect to the omitted portions