definiens: means the gross price billed or invoiced on sales of the Licensed Product by Zai, its Affiliates, or Sublicensees to a Third Party in the Territory, less ( withou t duplication ) usual and customary : ( a ) [ * * * ] discounts actually granted and deducted solely on account of sales of the Licensed Product, but excluding early payment discounts ; ( b ) rebates actually paid [ * * * ] solely on account of the purchase of such Licensed Product ; 9 ( c ) credits issued for the Licensed Product [ * * * ] actually granted and related to the Licensed Product ; ( d ) ( i ) freight expense ( actual ), includin g insurance, to the extent it is not charged to or reimbursed by the customer, ( ii ) [ * * * ], ( iii ) bad debt written off under GAAP, with reasonable collection efforts and added back if collected, [ * * * ] ; and ( e ) Taxes ( including, but not limited to sales, value added, consumption and similar taxes ; but excluding income taxes ) actually incurred, paid or collected and remitted to the relevant tax authority for the sale of the Licensed Product ; provided that any amount of such taxes refunded, recovered or cre dited back by the relevant tax authority shall be included in Net Sales