definiens: shall mean the gross invoice pri ce of Licensed Product sold by [COMPANY], its Affiliates or sublicensees ( which term does not include distributors ) to the first independent third party after deducting, if not previously deducted, in the amount invoiced or received : ( a ) t rade and quantity discounts ; ( b ) returns, rebates and allowances ; ( c ) chargebacks and other amounts paid on sale or dispensing of Licensed Product ; ( d ) retroactive price reductions that are actually allowed or granted ; ( e ) sales commissions paid to distributors and/or selling agents but not the actual sales force ; ( f ) a fixed amount equal to five percent ( 5 % ) of the gross invoice price to cover bad debt, sales or excise taxes, transportation and in surance charges and additional special transportation, custom duties, and other governmental charges ; ( g ) standard inventory cost of devices or delivery systems other than syringes used for dispensing or administering Licensed Product which accompany Licensed Product as it is sold