definiens: means the gross amount invoiced by Just or its Affiliates or any of their sublicen sees for the sale or other commercial disposition of a L icensed Product ( in final form for end use ) to a Th ird Party purchaser in a bona fide, arms - length transaction, less the following deduc tions to the extent directly applicable to such sales and as deducted from revenue in accor dance with Just ’s accounting policies consistently applied : ( i ) reasonable and customary rebates, quantity, tra de and cash discounts to customers actually allowed and properly taken and not exceeding [ * * * ] percent ( [ * * * ] % ) of the applicable gross invoiced amount ; License Agreement Page 2 ( ii ) governmental and other rebates, chargebacks or administrative fees ( or equivalents thereof ) grant ed to managed health care organizations, pharmacy benefit managers ( or equivalents thereof ) or to national, federal, state, provincial, local and other governm ents, their respective agencies, purchasers and reimbursers or to trade customers actually allowed and properly taken ; ( iii ) retroactive price reductions, credits or allowances actually granted upon rejections, destruction or returns of such Licensed Product, including for recalls or damaged goods ; ( iv ) reasonable freight, postage, shipping and insurance charges actually allowed or paid for delivery of such Licensed Product, to the extent included in th e gross sales price ; and ( v ) sales taxes, excise taxes, use taxes, import / ex port duties or other governmental charges actually due or incurred with respect to such sales, including valu e -added taxes, to the extent applicable