definiens: means, with respect to Miikana, the amount of gross sales of all Licensed Products in the Territory invoiced by the Miikana Group to Third Parties, as reduced by the following deductions to the extent actually allowed or incurred with respect to such sales : ( a ) transportation charges, and other shipping charges, such as insurance, ( b ) sales, value - added and excise taxes, customs, duties, and any other governmental charges, to the extent imposed upon the sale of the Licensed Product and paid by the selling party, provided that no income taxes ' shall be deducted from gross sales of Licensed Product to calculate Net Sales, ( c ) distributors fees, rebates or allowances actually granted or allowed, including government and managed care rebates, ( d ) quantity discounts, cash discounts or chargebacks actually granted, allowed or incurred, ( e ) allowances or credits to customers, not in excess of the selling price of Licensed Product, on account of governmental requirements, rejections, recalls or returns, and ( f ) allowances for bad debt actually documented to have occurred solely as a result of sale of the Licensed Product