definiens: shall mean the total amount invoiced by or on behalf of VBL or any of its Affiliates or Licensees, inconnection with the sale of a Product after deduction of : ( i ) value added taxes, excise and sales taxes, or othersimilar taxes imposed on such sales ( excluding income or franchise taxes of any kind ) ( ii ) amounts credited by acredit note ; and ( iii ) reasonable quantities for promotional purposes, and compassionate uses ; provided howeverthat the Company does n’t receive any consideration relating thereto ; For the purpose hereof : ( a ) with respect to sales which are not at arm ’s length and/or are not according to thecurrent market conditions for such a sale, the term shall mean the total amount that would have beenpaid in an arm ’s length sale made according to the current market conditions for such sale or according to marketconditions for sale of products similar to the Products ; ( b ) with respect to sales by VBL and/or a Licensee, asapplicable, to any Affiliate, the term, shall mean the higher of : ( i ), as defined above inparagraph ( a ) and ( ii ) the total amount invoiced by such affiliated entity on resale to an independent third partypurchaser and ( c ) with respect to sales for non - monetary consideration for any Products, shall becalculated based on the higher of : ( i ), as defined in paragraph ( a ) above ; and ( ii ) the total amountinvoiced by the party acquiring the Products in such transaction in each case, after deducting the amountspermitted above, to the extent applicable