definiens: shall mean all revenues recognized in accordance wi th GAAP from the sale or other disposition of Licensed Products by [COMPANY] or its A ffiliates or Sublicensees to a non - Sublicensee Thir d Party after deducting returns and allowances ( actually pa i d or allowed ) including, but not limited to, promp t payment and volume discounts, price reductions, including M edicaid and similar types of rebates, chargebacks f rom wholesalers of Licensed Products ( whether in cash o r trade ), freight, shipping, packing, insurance, re bates, and sales and other taxes based on sales prices when in cluded in gross sales, but not including taxes when assessed on income derived from such sales . Amounts received by [COMPANY] or its Affiliates for the sale of Licens ed Products among [COMPANY] or its Affiliates for resale or for transfer of Licensed Products to a Sublicens ee for resale shall not be included in the computation of Net Sal es hereunder