definiens: shall mean the gross amount invoiced by or on behalf of [COMPANY] or a sublicensee of [COMPANY] on account of the sale, use, transfer or other disposition or application of a licensed Product to or by a third party, less reasonable, customary and documented deductions for any of the following : ( i ) rebates, allowances, charge - backs or discounts ( including, without limitation, contractual discounts and allowances for Medicaid, Medicare, Medi­Cal, managed care and third party insurance providers and the like ), to the extent actually granted ; ( ii ) allowances or credits actually granted to customers on account of recall, rejection or return of Licensed Products ; ( iii ) tariffs, duties, excise, sales and value - added taxes and similar 2 governmental charges actually paid ( except income taxes ) ; and ( iv ) to the extent actually paid by seller, reasonable charges for shipping and insuring the shipment of Licensed Product