definiens: means the recorded gross sales of Licensed Products by a Party, its Affiliates, licensees or Sublicensees to Third Parties ( that are not licensees or Sublicensees ) in accordance with GAAP, less the total of : ( i ) allowances for trade, quantity, and 5 . cash discounts ; ( ii ) excise, sales and other consumption taxes and customs duties to the extent included in the invoice price ; ( iii ) freight, insurance and other transportation charges to the extent included in the invoice price ; ( iv ) provisions for actual or expected allowances or credits to Third Parties by reason of rejections and defects ; ( v ) provisions for returns or retroactive price reductions ; and ( vi ) compulsory payments, chargebacks and rebates accrued, paid or deducted pursuant to agreements ( including, but not limited to managed care agreements ) or governmental regulations . Any such recordations, provisions or deductions will be made in accordance with reasonable and customary industry practices and in accordance with consistently applied GAAP