definiens: means the gross invoiced sales by a Party and/or its Rela ted Parties to Third Parties for Licensed Products sold, less deductions, consistent with applicable Accounting Standards used in the a pplicable reporting period for such Party ’s consolidated fina ncial reporting purposes, which will be limited to : ( a ) price adjustments, chargeback payments, credits, or rebat es ( or the equivalent thereof ), allowances allowed and taken, quantity or other trade discounts and other amounts paid on sale of Licensed Products, including those granted to and actually used by group purchasing organizations or other buying groups, managed healthcare organiz ations, pharmacy benefit management companies, health maint enance organizations and any other providers of hea lth insurance coverage, health care organizations or ot her healthcare institutions ( including hospitals ), Third Party health care administrators or patient assistance or other similar program, or to federal, state / provin cial, local and other governments, including their agencies, or to wholesalers, distributors and other trade customers ; ( b ) sales, use, tariffs, value - add, and/or excise taxes, or ot her governmental charges and tariffs incurred in co nnection with exportation or importation directly imposed and wit h reference to particular sales ; ( c ) reasonable and customary freight, postage, shipping, insurance and other tra nsportation expenses and delayed ship order credits reflected in the applicable invoice and paid by the customer ; an d ( d ) amounts allowed, repaid or credited due to de fects, returns, rejections, recalls, rebates and replacements and a llowances of goods or because of retroactive price reductions ; ( e ) normal and customary rebates, trade, cash or qu antity discounts ; billing errors ; coupons for price reductions ; ( f ) required distribution commissions / fees payable to Third Party wholesalers for distribution of the Licensed Products ; ( g ) allowance and write - offs for bad debt made in accordance with generally accepted account ing principles, consistently applied to all of such Par ty ’s products ; ( h ) discounts pursuant to indigent p atient programs and patient discount programs including coupon disc ounts ; and ( i ) any item, substantially similar in c haracter or substance to any of the foregoing permitted by the applicable Accounting Standards and customary in th e pharmaceutical industry