definiens: means the gross invoiced sales by GLGC or its Affiliates or sublicensee for sales or other commercial disposition of a Development Product to a third party customer ( including Recognized Agents ), less the following deductions with respect to such sales : ( a ) any rebates, quantity, trade and cash discounts, and other usual and customary discounts to customers actually allowed or taken ; ( b ) compulsory payments and rebates, actually paid or deducted ; ( c ) retroactive price reductions, credits or allowances actually granted upon rejections or returns of sold Development Products, including for recalls or damaged goods ; ( d ) deductions for actual bad debts to the extent relating to the Development Product ; ( e ) freight, postage, shipping and insurance charges actually allowed or paid for delivery of Development Products, to the extent included in the gross sales price ; and ( t ) sales taxes, excise taxes, consumption taxes, use taxes, withholding taxes, import / export duties or other governmental charges actually due or incurred with respect to sales of Development Product including without limitation value - added taxes ; ( g ) charge - back payments and rebates granted to managed health care organizations or to federal, state and local governments, their respective agencies, purchasers or reimbursers ; all of the deductions in the foregoing clauses ( a)-(g ) as incurred in the ordinary course of business in type and amount consistent with good industry practice and determined in accordance with generally accepted accounting principles on a basis consistent with GLGC 's audited consolidated financial statements . For sake of clarity and avoidance of doubt, sales by GLGC, its Affiliates or sublicensees of a Development Product to Recognized Agents of such Development Product in a given country shall be considered a sale to a third party customer