definiens: shall mean revenue invoiced by Licensee, an Affiliate of Licensee, or any Sub - Licensee of Licensee on account of the sale of Prod ucts to independent third parties less the followin g amounts : ( i ) discounts, including cash discounts, rebates, c hargebacks and retroactive price reductions or allo wances, actually granted from any billed amount, and fees p aid to distributors ; ( ii ) credits or allowances act ually granted upon claims, rejections or returns, including recal ls, regardless of the party requesting such return or recall ; ( iii ) charges for freight, insurance, handling and transp ortation separately identified on an invoice or oth er documentation maintained in the ordinary course of business, and ( iv ) sales, value added or other exci se taxes and import duties to the extent invoiced to the cus tomers and to the extent such taxes are remitted to the applicable taxing authority . If Products are sold b y Licensee as a component of a kit, tray or system that also contains products, subcomponents or modules that ar e not Products, the Net Sales attributable to such kit, tray or system shall only include the net value of the Prod ucts, calculated as a percentage of the net price o f the kit, tray or system based on the relationship of Licensee ’s r etail price for the applicable Products, if sold se parately, compared to Licensee ’s retail price for the entire kit, tray or system