definiens: shall mean the gross invoiced sales price for the Licensed Product sold by Medicas, itsAffiliate or Sublicensee, to Third Parties ( other than any non - Affiliate Sublicensees, which shall beexcluded from the calculation of Net Sales ) throughout the Territory, less the following amounts:(a ) allowances for normal and customary trade, quantity and cash discounts, rebates, chargebacks;(b ) fees, reimbursements or similar payments or adjustments granted or paid to wholesalers or otherdistributors, buying groups, healthcare insurance carriers or other similar persons ; ( c ) transportation, shipping, customs duties, insurance and postage charges included in the billing amount, if paid by or onbehalf of Medicas ; ( d ) credits or allowances actually granted for damaged goods, recalls, returns orrejections ( including, but not limited to, wholesaler, distributor and retailer returns ) of Licensed Product orfor retroactive price reductions ; ( e ) any payment, allowance or credit to any governmental entity, includingFederal or state Medicaid, Medicare or similar program ; ( f ) actual write - offs for bad debts ; and ( g ) sales, use, excise, value - added and other taxes ( other than income taxes ) or governmental charges included inthe billing amount, in each case, determined in accordance with GAAP .