definiens: means the total amo unt invoiced ( including fair market value of any non -cash consideration ) by Licensee or by any Affiliate or Sublicensee on account of Sales of Licensed Product or Licensed Services, after deduction of all the following in accordance with U.S. Generally Acc epted Accounting Principles ( ) to the extent applicable to such Sales : 1.6.1 trade, quantity and cash discounts or rebates, chargebacks, actually allowed or taken ; 1.6.2 allowances or credits given for rejection or for return of previously sold Licensed Product or outdated Licensed Product ; 1.6.3 amounts repaid or credited by reason of rejection, defects, recalls, or returns or because of chargebacks, refunds, rebate s or retroactive price reductions ; 1.6.4 discounts mandated by, or granted solely to meet the requirements of law, including required chargebacks and retroactive price reductions required by law ; 1.6.5 bad debts and uncollectible receivables ; 1.6.6 any tax or other governmental charge ( including without limitation custom surcharges ) borne by and not reimbursed to the Licensee other than income tax levied on the Sale, transportation or delivery of Licensed Product, and 1.6.7 any charg es for packing, handling, freight, insurance, transportation and duty charges borne by the seller