definiens: means, on a Profit - Share Product - by - Profit - Share Product basis with respect to a Calendar Quarter : ( a ) Net Sales of such Profit - Share Product in the Field in the Territory by [COMPANY] and [COMPANY] Related Parties, plus ( b ) Profit - Share Product Proceeds, minus ( c ) Allowable Expenses, to the extent such deductions have not already or otherwise been deducted, and determined from the books and records of the Parties and their respective Affiliates and Permitted Subeontractors, in accordance with Accounting Standards . For purposes of clarity, it is understood that ( A ) there shall be no double - counting of expenses within the definition of Profit - or - Loss and ( B ) the Profit - or - Loss shall be calculated and payable in accordance with Section 7.3 even if there are no Net Sales and prior to the First Commercial Sale