definiens: means, with respect to the Product, the gross revenues derived from the sale of theProduct by Purchaser or, with respect to the determination of the Compensatory Payments, by Seller, and theirrespective Affiliates, licensees and assignees to independent third parties, minus normal and customary ( i ) early payincentives ( i.e., cash discounts ), ( ii ) trade discounts, quantity discounts, trade rebates, chargebacks, governmentalrebates, such as Medicaid, retroactive price adjustments ( i.e., shelf stock adjustments ) and cash incentive payments,(i.e ., slotting allowances ), ( iii ) Product returns, ( iv ) freight ( inbound and outbound ), ( v ) marketing allowances, ( vi ) baddebt allowance which shall be deemed to be [ * * * ] of Net Sales for the first twelve months after First Commercial Saleand [ * * * ] of Net Sales for periods thereafter and ( vii ) other normal and customary deductions utilized to calculate netsales, in each case to the extent applicable to the sale of such Product . Marketing allowances shall ( i ) in the case ofsales by Purchaser, be the actual marketing expenses but not in excess of [ * * * ] of the applicable Net Sales and ( ii ) inthe case of sales by Anda, be deemed to be [ * * * ] of the applicable Anda Net Sales of Product . The elements of NetSales as described above shall be determined in accordance with GAAP, applied on a basis consistent with theannual audited financial statements of Purchaser ’s parent corporation or Seller, as the context requires