definiens: shall mean the gross amount invoiced fo r bona fide arms ’ length sales of Royalty Products in the Territory by or on behalf of a Party, or its Affili ates or sublicensees to Third Parties, less the fol lowing deductions, determined in accordance with IAS / IFRS ( or GAAP for the US ) consistently applied : ( a ) normal and customary trade, cash, quantity and free -goods allowances granted and taken directly with respect to sales of such Royalty Products ; ( b ) amounts repaid or credited by reason of defects, re jections, recalls, returns, rebates, allowances and billing errors ; ( c ) chargebacks and other amounts paid on sale or dispe nsing of Royalty Products ; ( d ) Third Party cash rebates and chargebacks related to sales of Royalty Products, to the extent allowed ; ( e ) retroactive price reductions that are actually allo we d or granted ; ( f ) compulsory refunds, credits and rebates directly re lated to the sale of Royalty Products, accrued, paid or deducted pursuant to agreements ( including, but not limited to, managed care agreements ) or governmental regulations ; ( g ) freight, postage, shipment and insurance costs ( or wholesaler fees in lieu of those costs ) and customs duties incurred in delivering Royalty Produ cts that are separately identified on the invoice o r other documentation ; ( h ) sales taxes, excess duties, or other consumption ta xes and compulsory payments to Governmental Authorities or other governmental charges imposed o n the sale of Royalty Products, which are separatel y identified on the invoice or other documentation ; ( i ) as agreed by the Parties, any other specifically i d entifiable costs or charges included in the gross invoiced sales price of such Royalty Product fallin g within categories substantially equivalent to tho se listed above and ultimately credited to customers or a Gov ernmental Authority or agency thereof ; ( j ) invoiced amounts that are written off as uncollecti ble in accordance with a Party ’s or its Affiliates ’ or sublicensees ’ respective accounting principles a s applied consistently Net Sales in currency other than United States Dollars shall be translated into United Stat es Dollars according to the provisions of Section 4 .7 of this Agreement