definiens: shall mean the gross amounts ( excluding VAT or other similar taxes ) invoiced by or on behalf of [COMPANY], its Affiliates and/or Sublicensees ( the ) for sa les of the Product to Third Parties ( other than Sublicensees ), less the following deductions, paid and specifically related to the Product by [COMPANY], its Affiliates and/or Sublicensees using U.S. GAAP applied on a consistent basis : ( a ) [ redacted ] [ redacted ] ( b ) [ redacted ] ( c ) [ redacted ] Confidential / Basilea Pharmaceutica International Ltd. & [COMPANY] International Sàrl page 8 of 80 Distribution Agreement / [COMPANY] International Sàrl In no event shall any particular amount identified above be deducted more than once in calculating Net Sales ( i.e., no of reductions ) . Sales of the Product between [COMPANY] and its Affiliates and/or Third Party Sublicensees and/or Third Party Distributors for resale shall be excluded from the computation of Net Sales, but the subsequent resale of the Product by an Affiliate or Sublicensee, as applicable, to a Third Party shall be included within the computation of Net Sales