definiens: means the gross amount invoiced or otherwise collected by or on behalf of [COMPANY] or itsAffiliates or sublicensees for arm ’s length sales of Products to Third Party purchasers, less the following deductions in each caseto the extent included in such invoice or otherwise actually allowed or incurred with respect to such sales, determined inaccordance with IAS / IFRS ( or GAAP for the US ) consistently applied : ( a ) normal and customary trade, cash, quantity and free - goods allowances granted and takendirectly with respect to sales of such Products ; ( b ) amounts repaid or credited by reason of returned products, including for defects, rejections, recalls, returns and billing errors ; ( c ) chargebacks and other amounts paid on sale of Products ; ( d ) Third Party cash rebates and chargebacks related to sales of Products, to the extent allowed ; ( e ) retroactive price reductions that are actually allowed or granted ; ( f ) compulsory refunds, credits and rebates granted to Third Parties for the sale of Products, accrued, paid or deducted pursuant to agreements ( including, but not limited to, managed care agreements ) or governmentregulations ; ( g ) freight, postage, shipment and costs ( or wholesale fees in lieu of those costs ) and customsduties incurred in importing or exporting Products that are separately identified on the invoice or other documentation ; * * * Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately withthe Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended