definiens: means, with respect to a given period of time, gross amounts invoiced by a Party or its Affiliates in suchperiod, less the following deductions from such gross amounts which are actually incurred, allowed, paid, accrued orspecifically allocated : ( i ) credits or allowances actually granted for damaged products, returns or rejections of product, price adjustments andbilling errors ; ( ii ) governmental and other rebates ( or equivalents thereof ) granted to managed health care organizations, pharmacybenefit managers ( or equivalents thereof ), federal, state / provincial, local and other governments, their agencies andpurchasers and reimbursers or to trade customers ; ( iii ) normal and customary trade, cash and quantity discounts, allowances and credits actually allowed or paid ; ( iv ) distribution services agreement fees allowed or paid to Third Party distributors ; ( v ) transportation costs, including insurance, for outbound freight related to delivery of the product to the extentincluded in the gross amount invoiced;S1.1 - 6 ( vi ) sales taxes, VAT taxes and other taxes directly linked to the sales of the Licensed Product to the extent included inthe gross amount invoiced ; and ( vii ) any other items that reduce gross sales amounts as required by United States Generally Accepted AccountingPrinciples applied on a consistent basis