definiens: shall mean the gross amount invoic ed by Licensee or its Affiliates or sub - licensees f or sale or other commercial disposition of the Product to a Third Party, less the following deductions : 1.26.1 Discounts and allowances allowed and taken f or returns or rejections ( provided such amounts have been formally designated as such in accordance with the internal accounting procedures, consisten tly applied, of Licensee and its Affiliates ), and whole saler chargebacks allowed and taken in amounts norm al and customary in the trade ; 1.26.2 Import, export, excise, sales or use taxes, value added taxes, and other taxes, tariffs or duti es levied, absorbed or directly imposed and properly a llocable to particular sales of Product to the exte nt such items are included in the gross amount invoiced ( in any event excluding taxes on the income of License e and its Affiliates ) ; 1.26.3 Freight, postage, shipping, insurance, and p ackaging costs and other outbound transportation charges prepaid or allowed by Licensee to the exten t included as part of the invoiced amount ; 1.26.4 Amounts allowed or credited for retroactive price reductions or rebates to the extent actually taken ; 1.26.5 The amounts of trade and cash discounts actu ally allowed on account of the purchase of Product ; 1.26.6 Allowances, adjustments, reimbursements, dis counts and rebates made with respect to sales paid for by Third Parties, including, but not limit ed to, rebates given to health care organizations o r other Third Parties who bought or paid for a Product ; and 1.26.7 Any amounts actually written off or specific ally identified as uncollectible, in accordance with consistently applied accounting policies of Li censee and except to the extent Licensee recovers payment of any such written off amount ; provided, h owever, that no such deduction shall be made for th e Actual True Cost of Goods of any such Product