definiens: shall mean the actual gross amoun t invoiced for the commercial sale of Product in th e Territory commencing upon the date of First Commerc ial Sale, after deducting, in accordance with GAAP, the following : ( i ) trade, cash and quantity discounts ; ( ii ) recalls, credits and allowances on account of returned or rejected Product, including allowance f or breakage or spoilage ; ( iii ) rebates and chargebacks ; ( iv ) retroactive price reductions ; ( v ) sales or excise taxes, VAT or other taxes, and transportation and insurance charges and additional special transportation, custom duties, and other go vernmental charges ; ( vi ) rebates or similar payments paid in connection with sales of Product to any governmental or regulatory authority in respect of any state or federal Medica re, Medicaid or similar programs in any country of the Territory ; and ( vii ) write -offs for bad debts or allowances