definiens: Adjusted Gross SalesAdjusted Gross Sales " means the amount of gross sales of the Product invoiced by [COMPANY], its Affiliates and its sub - licensees to independent third parties less deductions of returns and return reserves ( such reserves consistent with Generally Accepted Accounting Principles ) ( including allowances actually given for spoiled, damaged, out - dated, rejected, returned Product sold, withdrawals and recalls ), · rebates to the extent consistently applied by [COMPANY] to its products ( price reductions, rebates to social and welfare systems, charge backs and charge back reserves ( such reserves consistent with Generally Accepted Accounting Principles ), cash sales incentives ( but only to the extent it is a sales related deduction which is accounted for within [COMPANY] on a product­by - product basis ) ), government mandated rebates and similar types of rebates ( e.g., P.P.R.S, Medicaid, each as consistently applied by [COMPANY] to its products ), volume ( quantity ) discounts, each as consistently applied by [COMPANY] to its products, taxes ( value added or sales taxes, government mandated exceptional taxes and other taxes directly linked to the gross sales amount ), it being understood that income and capital gains taxes are not the type of taxes contemplated as a deduction in this definition of Adjusted Gross Sales