definiens: shall mean the amounu billed or invoiced by BioSeq . Boston V Biomedica, Inc. ( ) or their respective Afﬁllalcs on sales of Liccnsed Products, less ( a ) the amounts of actual trade and cash discounts and rebates given with respect to Licensad Products that were not already credited at the time of invoice, ( b ) actual credit allowances on account of refunds, rctums, rejections or price adjustments with respect to Licensed Products . ( 0 ) all separately itemized and invoiced transportation, insurance and handling charges incurred in shipping Licensed Products to customers . ( d ) sales taxes, excise taxes, use taxes, value added taxes . importlexport duties and rebates ( including rebates to third party payers ) imposed upon and paid with respect to such sales ( but excluding income or franchise taxes of any kind ) and ( d ) other reasonable and customary allowances actually credited to customers, gravided that if BioSeq, 331, or their respective Affiliates . sells any such product or service to any party other than to an independent third party in a bona ﬁde arm 's length transaction, Net Sales shall be based upon the resale to an independent third party in an arm 's lengih transaction by the entity to whom such product or service was sold or transferred by BioSeq, BBL or their respective Afﬁliates . or, if there is no such resale, Net Sales shall be calculated as above on the fair market price of the product or services in the mlevant country of sale or transfu