definiens: means the total gross sales of a given Product ( number of units shipped times invoice price per unit ) by Buyer, itsAffiliates and sublicensees to independent third party customers, less the following deductions as accrued : ( i ) normal quantity discounts, cashdiscounts or chargebacks, ( ii ) sales and excise taxes, customers and any other taxes, to the extent added to the sale price and paid by theselling Schedule A-8party and not refundable in accordance with applicable Law and without reimbursement from any third party ( excluding taxes assessedagainst the income derived from such sale ), ( iii ) freight, insurance, customs clearing and other transportation charges to the extent added tothe sale price and set forth separately as such in the total amount invoiced and without reimbursement from any third party, ( iv ) the write - off ofobsolete inventory, ( v ) amounts to be repaid or credited by reason of rejection, defects, recalls or returns or because of retroactive pricereductions, chargebacks, rebates, promotional discounts, promotional allowances, distribution fees or commissions, ( vi ) rebates or allowancesto group purchasing organizations, managed healthcare organizations and to Governmental Authorities, or to trade customers, in each casethat are not Affiliates of Buyer . For items ( i ) through ( iii ), ( v ) and ( vi ), Net Sales shall be determined in accordance with GAAP . Item ( iv ) will berecorded in accordance with GAAP outside of net sales