definiens: shall mean the gross amounts received for sales of the Product by or on behalf of [COMPANY], itsAffiliates and/or Sublicensees ( the ) to Third Parties, less deductions actually allowed or specifically allocatedto the Product by the Selling Party using International Financial Reporting Standards for : ( a ) transportation charges to the extent that they are included in the price or otherwise paid by the purchaser, including, without limitation, insurance, for transporting Product and separately identified on the invoice or in otherdocumentation maintained in the ordinary course of business ; and ; ( b ) trade, quantity and cash discounts, or charge - backs, refunds or other rebates actually granted to thecustomer ( including, if applicable, hospitals or private or public health insurance entities ) ; ( c ) credits, rebates and allowances to the customer on account of rejection or returns of the Product ( includingwholesaler and retailer returns ), or on account of non - discretionary retroactive price reductions affecting such Product ; ( d ) sales and excise taxes, other consumption taxes, customs duties and customary compulsory payments togovernmental authorities and any other governmental charges imposed upon the production, importation, use or sale of theProduct actually paid and separately identified on the invoice or in other documentation maintained in the ordinary course ofbusiness ; and ( e ) any other items actually deducted from gross invoices sales amounts as reported by the Selling Party in itsfinancial statements in accordance with the International Financial Reporting Standards, applied on a consistent basis In no event will any particular amount, identified above, be deducted more than once in calculating Net Sales ( i.e.,no of reductions ) . Sales of the Product between [COMPANY] and its Affiliates or Sublicensees shall be excludedfrom the computation of Net Sales, but the subsequent resale of such the Product to a Third Party shall be included within thecomputation of Net Sales