definiens: means the amount invoiced by a Party, its Affiliates or its sublicensees on account of sales of aProduct to Third Parties in the Territory, less reasonable andcustomary deductions applicable to the Product for ( i)transportation charges and charges such as insurance, relatingthereto paid by the selling Party ; ( ii ) sales and excise taxesor customs duties paid by the selling Party and any othergovernmental charges imposed upon the sale of a Product andpaid by the selling Party ; ( iii ) distributors ' fees or rebatesor allowances actually granted, allowed or incurred in theordinary course of business in connection with the sale of aProduct ; ( iv ) quantity discounts, cash discounts orchargebacks actually granted, allowed or incurred in theordinary course of business in connection with the sale of aProduct ; ( v ) allowances or credits to customers in theordinary course of business in connection with the sale of aProduct, not in excess of the selling price of such Product, on account of governmental requirements, rejection, outdating, recalls or return of such Product ; ( vi ) customer program costsrequired by the customer which are independent of Berlexmarketing initiatives ; and ( vii ) reasonable allowance for baddebts