definiens: shall mean th e gross amount billed by COMPANY and its AFFILIATES and SUBLICENSEES for LICENSED PRODUCTS a nd LICENSED PROCESSES, less the following : ( i ) customary trade, quantity, or cash discounts to the extent actually allowed and taken ; ( ii ) amounts repaid or credited by reason of charge -back, rebate, rejection or return ; ( iii ) to the extent separately stated on purchase o rders, invoices, or other documents of sale, any taxes or other governmental charges levie d on the production, sale, transportation, delivery, or use of a LICENSED PRODUCT or LICENSED PROCESS which is paid by or on behalf of COMPANY ; ( iv ) outbound transportation costs if separately st ated on the invoice ; and ( v ) amounts written off by reason of uncollectible bad debt, but not to exceed [ * * * ] percent ( [ * * * ] % ) of the gross amount billed by COMP ANY and its AFFILIATES and SUBLICENSEES for LICENSED PRODUCTS and LICENSED PROCESSES in a given REPORTING PERIOD