definiens: means, with respect to a Product for any period, the gross amount billed or invoiced byAevi, its Affiliates or its or their sublicensees ( including distributors of authorized generic versions of the Product(s))to Third Parties for the sale of a Product ( the ), less deductions for : ( a ) normal and customary trade, quantity and prompt settlement discounts ( includingchargebacks and allowances ) actually allowed ; ( b ) amounts repaid or credited by reason of rejection, return or recall of goods, rebates orbona fide price reductions ; ( c ) freight, postage, shipping and insurance expenses to the extent that such items areincluded in the gross amount invoiced ; ( d ) customs and excise duties and other taxes or duties related to the sales to the extentthat such items are included in the gross amount invoiced ; ( e ) rebates and similar payments made with respect to sales paid for by any governmentalor regulatory authority such as, by way of illustration and not in limitation of the Parties ’ rights hereunder, Federal orstate Medicaid, Medicare or similar state program or equivalent foreign governmental program ; -7- ( f ) the portion of administrative fees paid during the relevant time period to grouppurchasing organizations or pharmaceutical benefit managers relating to such Product ; ( g ) any actual bad debt expense recorded in accordance with the Accounting Standardsfrom customers related to sales of a Product, such bad debt not to exceed ( * * * ) ( * * * % * * * ) of the total Invoiced Salesless the deductions set forth above in 2.1.44 ( a ) to ( f ) . If any bad debt is subsequently recovered, it shall be includedas Net Sales