definiens: means with respect to any Product, the gross amounts invoiced by ISLT, its Affiliates orSublicensees from Third Party customers for sales or other transfers or disposition of a Product, less : ( i)customary trade, quantity, and cash discounts or rebates actually allowed on Product ; ( ii)credits or allowances given to customers for rejections or returns of Product or on account of retroactiveprice reductions affecting such Product ; ( iii)sales taxes, excise taxes, use taxes, import / export duties or other governmental charges actually dueor incurred with respect to the production, importation, use or sale of a Product to Third Parties ; ( iv)transportation charges to the extent that they are included in the price or otherwise paid by thepurchaser, including insurance, for transporting Product ; and ( v)Product rebates and Product chargebacks including those granted to managed - care entities andgovernment agencies ; and 6 Sales or transfers of Products among ISLT, its Affiliate and/or its Sublicensee shall be excluded from the computation ofNet Sales, and no royalties will be payable on such sales