definiens: means all payments collected by the Company or its Affiliates from the commercial sale of Licensed Products ( which for th e avoidance of doubt includes sales of Licensed Produ cts that are permitted under either of the Prior Ag reements ), less : ( a ) sales, use, turnover, excise, value added, and all other foreign, federal, state, or local t axes ( except income tax ) ; ( b ) custom duties or consular fees ; ( c ) transportation, freight, and handling charges and insurance on shipments to customers ; ( d ) ordinary and reasona ble trade, cash, or quantity discounts or rebates t o the extent actually granted ; and ( e ) refunds and credits for a ny damaged, spoiled, rejected, or returned Licensed Products or because of retroactive price reductions, rebates, o r charge backs ; in each case as determined under ge nerally accepted accounting principles in effect from time to time in the United States of America